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.
MarketClub’s Trade Triangles for TRYHUF
The long-term trend has been DOWN since Mar 21st, 2021 at 36.5025
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 35.0360
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).