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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Turkish Lira/Hungarian Forint (FOREX:TRYHUF)

Sidelines Mode (-55) - TRYHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid TRYHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TRYHUF
Open High Low TRYHUF Price Change
21.8735 22.3260 21.8405 22.3200 +0.4465
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term down The long-term trend has been DOWN since Mar 21st, 2021 at 36.5025

intermediate term down The intermediate-term trend has been DOWN since Jul 18th, 2022 at 22.4870

short term up The short-term trend has been UP since Aug 15th, 2022 at 21.5315

Smart Scan Analysis for TRYHUF

Based on our trend formula, TRYHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for TRYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.8735 22.3260 21.8405 22.3200 +0.4465
Prev. Close Volume Bid Ask Time
21.8735 2022-08-16 07:00:21
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