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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Turkish Lira/Hungarian Forint (FOREX:TRYHUF)

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

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.

FOREX_TRYHUF
Open High Low TRYHUF Price Change
18.6875 18.6995 18.1250 18.3745 -0.3130
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 21.1445

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2023 at 18.4760

short term down The short-term trend has been DOWN since Mar 20th, 2023 at 19.3595

Smart Scan Analysis for TRYHUF

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

-100
Smart Scan Analysis for TRYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.6875 18.6995 18.1250 18.3745 -0.3130
Prev. Close Volume Bid Ask Time
18.6875 2023-03-28 17:51:29
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