Forex Trend Analysis Report
Prepared for you on Friday, May 14, 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 Mar 21st, 2021 at 0.96570
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 1.05980
The short-term trend has been DOWN since May 11th, 2021 at 0.93555
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).