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.
MarketClub’s Trade Triangles for HKDTRY
The long-term trend has been UP since Aug 25th, 2019 at 0.7958350
The intermediate-term trend has been UP since Jul 27th, 2020 at 0.8867185
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).