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Forex Trend Analysis Report

Prepared for you on Monday, November 20, 2017.

Turkish Lira/Mexican Peso (FOREX:TRYMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.

FOREX_TRYMXN
Open High Low TRYMXN Price Change
4.8986 4.9068 4.8345 4.8462 -0.0524
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term down The long term trend has been DOWN since Nov 8th, 2017 at 4.90660

intermediate term down The intermediate term trend has been DOWN since Nov 7th, 2017 at 4.92350

short term down The short term trend has been DOWN since Nov 17th, 2017 at 4.89785

Smart Scan Analysis for TRYMXN

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

-100
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8986 4.9068 4.8345 4.8462 -0.0524
Prev. Close Volume Bid Ask Time
4.8986 4.8443 4.8481 2017-11-20 14:05:12
Want to analyze Turkish Lira/Mexican Peso TRYMXN or another symbol? Try our Free Forex Trend Analysis Report.