Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Mexican Peso/Turkish Lira (FOREX:MXNTRY)
Long-Term Uptrend (+90) - MXNTRY is in a strong uptrend that is likely to continue. While MXNTRY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for MXNTRY
The long-term trend has been UP since Mar 21st, 2021 at 0.3984815
The intermediate-term trend has been UP since Sep 16th, 2021 at 0.4270455
The short-term trend has been UP since Oct 12th, 2021 at 0.4332755
Smart Scan Analysis for MXNTRY
Based on our trend formula, MXNTRY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).