Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Turkish Lira/Mexican Peso (FOREX:TRYMXN)
Bear Market Rally (-75) - TRYMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TRYMXN as it may be in the beginning 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.
MarketClub’s Trade Triangles for TRYMXN
The long-term trend has been DOWN since Mar 21st, 2021 at 2.50950
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 2.34165
The short-term trend has been UP since Oct 26th, 2021 at 2.13500
Smart Scan Analysis for TRYMXN
Based on our trend formula, TRYMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).