Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Turkish Lira/Hong Kong Dollar (FOREX:TRYHKD)
Long-Term Downtrend (-90) - TRYHKD is in a strong downtrend that is likely to continue. While TRYHKD 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 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.
MarketClub’s Trade Triangles for TRYHKD
The long-term trend has been DOWN since Sep 24th, 2021 at 0.88135
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.91290
The short-term trend has been DOWN since Oct 21st, 2021 at 0.82990
Smart Scan Analysis for TRYHKD
Based on our trend formula, TRYHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).