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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 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
1.7136100 1.7185495 1.7128800 1.7129730 -0.0006370
Entry Signal

MarketClub’s Trade Triangles for MXNTRY

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 1.815659

intermediate term down The intermediate-term trend has been DOWN since Oct 16th, 2024 at 1.725315

short term up The short-term trend has been UP since Nov 17th, 2024 at 1.699566

Smart Scan Analysis for MXNTRY

Based on our trend formula, MXNTRY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7136100 1.7185495 1.7128800 1.7129730 -0.0006370
Prev. Close Volume Bid Ask Time
1.7136100 2024-11-20 03:40:47
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