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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Sidelines Mode (+55) - TRYBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid TRYBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for TRYBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TRYBRL
Open High Low TRYBRL Price Change
0.8130845 0.8130845 0.8115714 0.8122304 -0.0008540
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term up The long-term trend has been UP since Mar 3rd, 2020 at 0.7390027

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2020 at 0.7994421

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.8330720

Smart Scan Analysis for TRYBRL

Based on our trend formula, TRYBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8130845 0.8130845 0.8115714 0.8122304 -0.0008540
Prev. Close Volume Bid Ask Time
0.8130845 0.8111351 0.8133258 2020-05-25 05:23:59
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