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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.

FOREX_TRYMXN
Open High Low TRYMXN Price Change
2.10100 2.14350 2.09840 2.13335 +0.03235
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term down The long-term trend has been DOWN since Mar 21st, 2021 at 2.50950

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2021 at 2.34165

short term up 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).

-75
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.10100 2.14350 2.09840 2.13335 +0.03235
Prev. Close Volume Bid Ask Time
2.10100 2021-10-26 07:18:45
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