Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Turkish Lira/Mexican Peso (FOREX:TRYMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TRYMXN
The long term trend has been DOWN since Mar 20th, 2019 at 3.45705
The intermediate term trend has been UP since May 30th, 2019 at 3.21065
The short term trend has been DOWN since Jul 12th, 2019 at 3.29575
Smart Scan Analysis for TRYMXN
Based on a pre-defined weighted trend formula for chart analysis, TRYMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).