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.
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 DOWN since Oct 1st, 2018 at 0.317305
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).