Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Crossroads (+60) - MXNTRY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNTRY
The long-term trend has been DOWN since Mar 8th, 2020 at 0.2921130
The intermediate-term trend has been UP since Apr 12th, 2020 at 0.2851515
The short-term trend has been UP since May 20th, 2020 at 0.2930100
Smart Scan Analysis for MXNTRY
Based on our trend formula, MXNTRY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).