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.
MarketClub’s Trade Triangles for TRYBRL
The long-term trend has been UP since Mar 3rd, 2020 at 0.7390027
The intermediate-term trend has been UP since Apr 24th, 2020 at 0.7994421
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).