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Forex Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

Turkish Lira/Mexican Peso (FOREX:TRYMXN)

Sidelines Mode (+55) - TRYMXN 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 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.

FOREX_TRYMXN
Open High Low TRYMXN Price Change
0.63340 0.64515 0.62975 0.64435 +0.01095
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term down The long-term trend has been DOWN since Mar 21st, 2021 at 2.5095

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2023 at 0.6450

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 0.6314

Smart Scan Analysis for TRYMXN

Based on our trend formula, TRYMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.63340 0.64515 0.62975 0.64435 +0.01095
Prev. Close Volume Bid Ask Time
0.63340 2023-10-02 23:38:57
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