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Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

Turkish Lira/Mexican Peso (FOREX:TRYMXN)

Crossroads (+60) - TRYMXN 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 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
2.55255 2.59075 2.55060 2.57715 +0.02460
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term down The long-term trend has been DOWN since Jul 27th, 2020 at 3.16605

intermediate term up The intermediate-term trend has been UP since Nov 19th, 2020 at 2.70870

short term up The short-term trend has been UP since Nov 27th, 2020 at 2.55650

Smart Scan Analysis for TRYMXN

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

+60
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.55255 2.59075 2.55060 2.57715 +0.02460
Prev. Close Volume Bid Ask Time
2.55255 2020-11-30 17:56:40
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