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.
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MarketClub’s Trade Triangles for TRYMXN
The long-term trend has been DOWN since Nov 3rd, 2023 at 0.61580
The intermediate-term trend has been DOWN since Feb 1st, 2024 at 0.55675
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).
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 |