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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
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.
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MarketClub’s Trade Triangles for TRYHUF
The long-term trend has been DOWN since Nov 11th, 2022 at 21.1445
The intermediate-term trend has been UP since Oct 2nd, 2024 at 10.6100
The short-term trend has been DOWN since Oct 8th, 2024 at 10.6185
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.6805 | 10.6850 | 10.6090 | 10.6215 | -0.0590 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.6805 | 2024-10-08 12:13:18 |