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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

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
11.9745 12.0095 11.8570 11.8925 -0.0820
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 21.1445

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2023 at 13.1815

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 12.0100

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
11.9745 12.0095 11.8570 11.8925 -0.0820
Prev. Close Volume Bid Ask Time
11.9745 2023-11-28 15:39:00
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