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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.

FOREX_TRYHUF
Open High Low TRYHUF Price Change
46.2240 46.2450 45.5015 45.7715 -0.4525
Entry Signal

MarketClub’s Trade Triangles for TRYHUF

long term down The long-term trend has been DOWN since Dec 17th, 2019 at 50.2275

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 47.5600

short term down 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).

-75
Smart Scan Analysis for TRYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.2240 46.2450 45.5015 45.7715 -0.4525
Prev. Close Volume Bid Ask Time
46.2240 45.6080 45.9350 2020-05-29 17:08:56
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