Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Brazilian Real/Turkish Lira (FOREX:BRLTRY)
Long-Term Uptrend (+90) - BRLTRY is in a strong uptrend that is likely to continue. While BRLTRY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BRLTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLTRY
The long-term trend has been UP since Apr 25th, 2021 at 1.5427600
The intermediate-term trend has been UP since Sep 8th, 2021 at 1.6302602
The short-term trend has been UP since Oct 11th, 2021 at 1.6292725
Smart Scan Analysis for BRLTRY
Based on our trend formula, BRLTRY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).