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.
MarketClub’s Trade Triangles for TRYMXN
The long-term trend has been DOWN since Mar 21st, 2021 at 2.50950
The intermediate-term trend has been UP since Feb 6th, 2023 at 1.01700
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).