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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.

FOREX_TRYMXN
Open High Low TRYMXN Price Change
1.11450 1.11675 1.11100 1.11260 -0.00190
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 Jul 18th, 2022 at 1.17680

short term up 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).

-85
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.11450 1.11675 1.11100 1.11260 -0.00190
Prev. Close Volume Bid Ask Time
1.11450 2022-08-18 06:41:21
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