Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Turkish Lira/Mexican Peso (FOREX:TRYMXN)

Strong Downtrend (-100) - TRYMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TRYMXN continues to fall. Traders should use caution and set stops.

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
0.5122 0.5137 0.5121 0.5124 +0.0002
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 0.61580

intermediate term down The intermediate-term trend has been DOWN since Feb 1st, 2024 at 0.55675

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 0.51405

Smart Scan Analysis for TRYMXN

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

-100
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.5122 0.5137 0.5121 0.5124 +0.0002
Prev. Close Volume Bid Ask Time
0.5122 2024-03-28 07:23:33
Get a free daily analysis and signals for Turkish Lira/Mexican Peso (TRYMXN) - Request Your Free Report.