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Forex Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

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
1.50720 1.53310 1.49405 1.52480 +0.01760
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 Dec 21st, 2021 at 1.76355

short term up The short-term trend has been UP since Jan 19th, 2022 at 1.52115

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
1.50720 1.53310 1.49405 1.52480 +0.01760
Prev. Close Volume Bid Ask Time
1.50720 2022-01-19 21:57:05
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