Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Brazilian Real/Turkish Lira (FOREX:BRLTRY)
Countertrend Up (+85) - BRLTRY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Jan 12th, 2023 at 3.7043445
The intermediate-term trend has been UP since Oct 17th, 2023 at 5.5894564
The short-term trend has been UP since Dec 7th, 2023 at 5.9342684
Smart Scan Analysis for BRLTRY
Based on our trend formula, BRLTRY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).