Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Turkish Lira/Mexican Peso (FOREX:TRYMXN)
Bull Market Weakness (+75) - TRYMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TRYMXN as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for TRYMXN
The long-term trend has been UP since Jun 3rd, 2024 at 0.55080
The intermediate-term trend has been DOWN since Jul 10th, 2024 at 0.54320
The short-term trend has been UP since Jul 18th, 2024 at 0.54055
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.55665 | 0.56120 | 0.55430 | 0.56020 | +0.00355 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.55665 | 2024-07-26 16:59:24 |