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Forex Trend Analysis Report

Prepared for you on Thursday, June 4, 2020.

Mexican Peso/Turkish Lira (FOREX:MXNTRY)

Crossroads (+60) - MXNTRY is struggling to move into a solid trend. Beware of choppy markets 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
0.3091540 0.3101320 0.3077405 0.3086970 -0.0004570
Entry Signal

MarketClub’s Trade Triangles for MXNTRY

long term down The long-term trend has been DOWN since Mar 8th, 2020 at 0.2921130

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2020 at 0.2851515

short term up The short-term trend has been UP since May 20th, 2020 at 0.2930100

Smart Scan Analysis for MXNTRY

Based on our trend formula, MXNTRY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MXNTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3091540 0.3101320 0.3077405 0.3086970 -0.0004570
Prev. Close Volume Bid Ask Time
0.3091540 0.3085620 0.3088320 2020-06-04 03:49:59
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