Forex Trend Analysis Report
Prepared for you on Monday, May 25, 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.
MarketClub’s Trade Triangles for TRYMXN
The long-term trend has been UP since Mar 8th, 2020 at 3.42335
The intermediate-term trend has been DOWN since Apr 12th, 2020 at 3.50340
The short-term trend has been DOWN since May 20th, 2020 at 3.41320
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).