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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

Turkish Lira/Hungarian Forint (FOREX:TRYHUF)

Long-Term Downtrend (-90) - TRYHUF is in a strong downtrend that is likely to continue. While TRYHUF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
50.4795 50.5300 50.4565 50.5040 +0.0245
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term down The long-term trend has been DOWN since Dec 17th, 2019 at 50.2275

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2020 at 50.8090

short term down The short-term trend has been DOWN since Feb 21st, 2020 at 50.8675

Smart Scan Analysis for TRYHUF

Based on our trend formula, TRYHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.4795 50.5300 50.4565 50.5040 +0.0245
Prev. Close Volume Bid Ask Time
50.4795 50.4300 50.5780 2020-02-27 01:13:47
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