Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Turkish Lira/Mexican Peso (FOREX:TRYMXN)
Countertrend Down (-85) - TRYMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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 Jul 18th, 2022 at 1.17680
The short-term trend has been UP since Aug 17th, 2022 at 1.11375
Smart Scan Analysis for TRYMXN
Based on our trend formula, TRYMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).