Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Turkish Lira/Mexican Peso (FOREX:TRYMXN)
Countertrend Up (+85) - TRYMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid TRYMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRYMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRYMXN
The long-term trend has been UP since Feb 1st, 2021 at 2.81640
The intermediate-term trend has been UP since Nov 19th, 2020 at 2.70870
The short-term trend has been DOWN since Feb 23rd, 2021 at 2.90185
Smart Scan Analysis for TRYMXN
Based on our trend formula, TRYMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).