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Forex Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

Turkish Lira/Hungarian Forint (FOREX:TRYHUF)

Long-Term Downtrend (-90) - TRYHUF is in a strong downtrend that is likely to continue. While TRYHUF 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 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
23.7265 25.8430 23.2710 23.8190 +0.0925
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term down The long-term trend has been DOWN since Mar 21st, 2021 at 36.5025

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 35.0360

short term down The short-term trend has been DOWN since Nov 15th, 2021 at 31.8620

Smart Scan Analysis for TRYHUF

Based on our trend formula, TRYHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.7265 25.8430 23.2710 23.8190 +0.0925
Prev. Close Volume Bid Ask Time
23.7265 2021-12-01 23:49:11
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