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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Turkish Lira/Mexican Peso (FOREX:TRYMXN)

Crossroads (-60) - TRYMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
3.3287 3.3417 3.3273 3.3327 +0.0040
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term up The long-term trend has been UP since Mar 8th, 2020 at 3.42335

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2020 at 3.50340

short term down The short-term trend has been DOWN since May 20th, 2020 at 3.41320

Smart Scan Analysis for TRYMXN

Based on our trend formula, TRYMXN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3287 3.3417 3.3273 3.3327 +0.0040
Prev. Close Volume Bid Ask Time
3.3287 3.3316 3.3338 2020-05-25 04:26:54
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