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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

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
1.01785 1.01840 1.00185 1.00265 -0.01520
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 up The intermediate-term trend has been UP since Feb 6th, 2023 at 1.01700

short term up The short-term trend has been UP since Feb 3rd, 2023 at 1.00325

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
1.01785 1.01840 1.00185 1.00265 -0.01520
Prev. Close Volume Bid Ask Time
1.01785 2023-02-07 23:56:24
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