Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Turkish Lira/Brazilian Real (FOREX:TRYBRL)
Crossroads (-60) - TRYBRL 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 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.
MarketClub’s Trade Triangles for TRYBRL
The long-term trend has been DOWN since Jun 8th, 2020 at 0.7149930
The intermediate-term trend has been UP since Nov 13th, 2020 at 0.7209461
The short-term trend has been UP since Nov 30th, 2020 at 0.6868355
Smart Scan Analysis for TRYBRL
Based on our trend formula, TRYBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).