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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.

FOREX_MXNTRY
Open High Low MXNTRY Price Change
0.8972400 0.8992705 0.8954525 0.8992105 +0.0019700
Entry Signal

MarketClub’s Trade Triangles for MXNTRY

long term up The long-term trend has been UP since Mar 21st, 2021 at 0.3984815

intermediate term up The intermediate-term trend has been UP since Jul 18th, 2022 at 0.8497430

short term down 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).

+85
Smart Scan Analysis for MXNTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8972400 0.8992705 0.8954525 0.8992105 +0.0019700
Prev. Close Volume Bid Ask Time
0.8972400 2022-08-18 06:10:19
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