Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Sidelines Mode (-55) - MXNTRY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Feb 1st, 2021 at 0.3550640
The intermediate-term trend has been DOWN since Nov 19th, 2020 at 0.3691835
The short-term trend has been UP since Feb 23rd, 2021 at 0.3446115
Smart Scan Analysis for MXNTRY
Based on our trend formula, MXNTRY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).