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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Turkish Lira/Mexican Peso (FOREX:TRYMXN)

Weak Uptrend (+65) - TRYMXN is showing signs of weakening momentum to the upside. Monitor TRYMXN as it may be in the beginning stages of a reversal.

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
0.58355 0.58375 0.58195 0.58360 +0.00005
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term up The long-term trend has been UP since Jun 3rd, 2024 at 0.5508

intermediate term up The intermediate-term trend has been UP since Oct 16th, 2024 at 0.5796

short term down The short-term trend has been DOWN since Nov 17th, 2024 at 0.5884

Smart Scan Analysis for TRYMXN

Based on our trend formula, TRYMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58355 0.58375 0.58195 0.58360 +0.00005
Prev. Close Volume Bid Ask Time
0.58355 2024-11-20 03:39:25
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