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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Turkish Lira/Hungarian Forint (FOREX:TRYHUF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_TRYHUF
Open High Low TRYHUF Price Change
51.0465 51.2060 50.2275 51.1930 +0.1465
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term up The long term trend has been UP since Jul 30th, 2019 at 52.7415

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2019 at 52.1450

short term down The short term trend has been DOWN since Oct 1st, 2019 at 53.9400

Smart Scan Analysis for TRYHUF

Based on a pre-defined weighted trend formula for chart analysis, TRYHUF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TRYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.0465 51.2060 50.2275 51.1930 +0.1465
Prev. Close Volume Bid Ask Time
51.0465 51.0960 51.2900 2019-10-17 19:14:07
Want to analyze Turkish Lira/Hungarian Forint TRYHUF or another symbol? Try our Free Forex Trend Analysis Report.