Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 14th, 2018 at 0.224365
The short term trend has been UP since May 11th, 2018 at 0.222405
Smart Scan Analysis for MXNTRY
Based on a pre-defined weighted trend formula for chart analysis, MXNTRY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).