Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Bull Market Weakness (+75) - MXNTRY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNTRY as it may be in the beginning stages of a reversal.
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 Nov 3rd, 2023 at 1.6243725
The intermediate-term trend has been UP since Oct 30th, 2023 at 1.5747665
The short-term trend has been DOWN since Nov 28th, 2023 at 1.6800875
Smart Scan Analysis for MXNTRY
Based on our trend formula, MXNTRY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).