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Forex Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

Hong Kong Dollar/Turkish Lira (FOREX:HKDTRY)

Countertrend Up (+85) - HKDTRY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_HKDTRY
Open High Low HKDTRY Price Change
1.0261295 1.0292805 1.0236175 1.0278750 +0.0017460
Entry Signal

MarketClub’s Trade Triangles for HKDTRY

long term up The long-term trend has been UP since Aug 25th, 2019 at 0.7958350

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2020 at 0.8867185

short term down The short-term trend has been DOWN since Oct 22nd, 2020 at 1.0051225

Smart Scan Analysis for HKDTRY

Based on our trend formula, HKDTRY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0261295 1.0292805 1.0236175 1.0278750 +0.0017460
Prev. Close Volume Bid Ask Time
1.0261295 2020-10-23 16:59:48
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