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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)

Strong Downtrend (-100) - TRYHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYHKD continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_TRYHKD
Open High Low TRYHKD Price Change
0.24015 0.24030 0.23790 0.23820 -0.00195
Entry Signal

MarketClub’s Trade Triangles for TRYHKD

long term down The long-term trend has been DOWN since Mar 13th, 2023 at 0.40965

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.24090

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.24025

Smart Scan Analysis for TRYHKD

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

-100
Smart Scan Analysis for TRYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24015 0.24030 0.23790 0.23820 -0.00195
Prev. Close Volume Bid Ask Time
0.24015 2024-06-14 16:59:50
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