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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Countertrend Down (-85) - TRYBRL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.28598550 0.28825523 0.28482686 0.28583229 -0.00015300
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term down The long-term trend has been DOWN since Apr 22nd, 2021 at 0.67138080

intermediate term down The intermediate-term trend has been DOWN since Jul 25th, 2022 at 0.30223099

short term up The short-term trend has been UP since Aug 11th, 2022 at 0.28810667

Smart Scan Analysis for TRYBRL

Based on our trend formula, TRYBRL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28598550 0.28825523 0.28482686 0.28583229 -0.00015300
Prev. Close Volume Bid Ask Time
0.28598550 2022-08-19 16:57:44
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