Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Countertrend Up (+85) - MXNTRY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 21st, 2021 at 0.3984815
The intermediate-term trend has been UP since Jul 18th, 2022 at 0.8497430
The short-term trend has been DOWN since Aug 17th, 2022 at 0.8978730
Smart Scan Analysis for MXNTRY
Based on our trend formula, MXNTRY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).