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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Turkish Lira/Mexican Peso (FOREX:TRYMXN)

Bull Market Weakness (+75) - TRYMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
0.52240 0.53035 0.52165 0.52725 +0.00485
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 up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.52110

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.51185

Smart Scan Analysis for TRYMXN

Based on our trend formula, TRYMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52240 0.53035 0.52165 0.52725 +0.00485
Prev. Close Volume Bid Ask Time
0.52240 2024-04-22 11:26:10
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