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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Turkish Lira/Mexican Peso (FOREX:TRYMXN)
Long-Term Downtrend (-90) - TRYMXN is in a strong downtrend that is likely to continue. While TRYMXN is showing intraday strength, it remains in the confines of a bearish trend. 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 Feb 13th, 2025 at 0.56420
The intermediate-term trend has been DOWN since Apr 15th, 2025 at 0.52315
The short-term trend has been DOWN since May 7th, 2025 at 0.50645
Smart Scan Analysis for TRYMXN
Based on our trend formula, TRYMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.50415 | 0.50455 | 0.50335 | 0.50365 | -0.00050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.50415 | 2025-05-09 07:13:07 |