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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

Mexican Peso/Turkish Lira (FOREX:MXNTRY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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_MXNTRY
Open High Low MXNTRY Price Change
0.293400 0.294280 0.292395 0.292800 -0.000600
Entry Signal

MarketClub’s Trade Triangles for MXNTRY

long term up The long term trend has been UP since Nov 8th, 2017 at 0.203810

intermediate term down The intermediate term trend has been DOWN since Oct 1st, 2018 at 0.317305

short term down The short term trend has been DOWN since Oct 9th, 2018 at 0.322410

Smart Scan Analysis for MXNTRY

Based on a pre-defined weighted trend formula for chart analysis, MXNTRY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MXNTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.293400 0.294280 0.292395 0.292800 -0.000600
Prev. Close Volume Bid Ask Time
0.293400 0.292520 0.293080 2018-10-22 15:27:14
Want to analyze Mexican Peso/Turkish Lira MXNTRY or another symbol? Try our Free Forex Trend Analysis Report.