Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.
MarketClub’s Trade Triangles for MXNTRY
The long term trend has been UP since Nov 8th, 2017 at 0.203810
The intermediate term trend has been UP since Jun 25th, 2018 at 0.234850
The short term trend has been DOWN since Aug 15th, 2018 at 0.331495
Smart Scan Analysis for MXNTRY
Based on a pre-defined weighted trend formula for chart analysis, MXNTRY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).