Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Turkish Lira/Mexican Peso (FOREX:TRYMXN)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for TRYMXN
The long term trend has been DOWN since Nov 8th, 2017 at 4.90660
The intermediate term trend has been DOWN since Jan 14th, 2018 at 5.04580
The short term trend has been DOWN since Jan 3rd, 2018 at 5.15885
Smart Scan Analysis for TRYMXN
Based on a pre-defined weighted trend formula for chart analysis, TRYMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).