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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Brazilian Real/Turkish Lira (FOREX:BRLTRY)

Strong Downtrend (-100) - BRLTRY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLTRY continues to fall. Traders should use caution and set stops.

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.

FOREX_BRLTRY
Open High Low BRLTRY Price Change
5.8696549 5.9240019 5.8633798 5.8754309 +0.0057760
Entry Signal

MarketClub’s Trade Triangles for BRLTRY

long term down The long-term trend has been DOWN since Jun 2nd, 2024 at 6.1260998

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 6.3753390

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 6.0338000

Smart Scan Analysis for BRLTRY

Based on our trend formula, BRLTRY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BRLTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8696549 5.9240019 5.8633798 5.8754309 +0.0057760
Prev. Close Volume Bid Ask Time
5.8696549 2024-07-23 20:45:48
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