Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Nov 15th, 2018 at 0.26319
The intermediate term trend has been UP since Dec 11th, 2018 at 0.26573
The short term trend has been DOWN since Jan 16th, 2019 at 0.28523
Smart Scan Analysis for MXNTRY
Based on a pre-defined weighted trend formula for chart analysis, MXNTRY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).