Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Bear Market Rally (-75) - TRYHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYHUF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid TRYHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYHUF
The long-term trend has been DOWN since Dec 17th, 2019 at 50.2275
The intermediate-term trend has been UP since May 17th, 2020 at 47.5600
The short-term trend has been DOWN since May 27th, 2020 at 46.9490
Smart Scan Analysis for TRYHUF
Based on our trend formula, TRYHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).