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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.

FOREX_MXNTRY
Open High Low MXNTRY Price Change
0.3565315 0.3566080 0.3471040 0.3517070 -0.0048250
Entry Signal

MarketClub’s Trade Triangles for MXNTRY

long term down The long-term trend has been DOWN since Feb 1st, 2021 at 0.3550640

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2020 at 0.3691835

short term up 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).

-55
Smart Scan Analysis for MXNTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3565315 0.3566080 0.3471040 0.3517070 -0.0048250
Prev. Close Volume Bid Ask Time
0.3565315 2021-03-01 10:58:59
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