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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

Mexican Peso/Turkish Lira (FOREX:MXNTRY)

Weak Downtrend (-65) - MXNTRY is showing signs of a strengthening downtrend. Monitor MXNTRY as it may be building momentum to the downside.

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
1.8921740 1.8966620 1.8823730 1.8930685 +0.0008950
Entry Signal

MarketClub’s Trade Triangles for MXNTRY

long term up The long-term trend has been UP since Nov 3rd, 2023 at 1.6243725

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 1.9191295

short term down The short-term trend has been DOWN since Apr 25th, 2024 at 1.8856405

Smart Scan Analysis for MXNTRY

Based on our trend formula, MXNTRY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8921740 1.8966620 1.8823730 1.8930685 +0.0008950
Prev. Close Volume Bid Ask Time
1.8921740 2024-04-26 17:04:58
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