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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.

Open High Low TRYMXN Price Change
3.32375 3.34050 3.31540 3.33305 +0.00930
Entry Signal

MarketClub’s Trade Triangles for TRYMXN

long term down The long term trend has been DOWN since Mar 20th, 2019 at 3.45705

intermediate term up The intermediate term trend has been UP since May 30th, 2019 at 3.21065

short term down 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).

Smart Scan Analysis for TRYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.32375 3.34050 3.31540 3.33305 +0.00930
Prev. Close Volume Bid Ask Time
3.32375 3.33150 3.33460 2019-07-16 12:08:51
Want to analyze Turkish Lira/Mexican Peso TRYMXN or another symbol? Try our Free Forex Trend Analysis Report.