Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Turkish Lira/Brazilian Real (FOREX:TRYBRL)
Long-Term Downtrend (-90) - TRYBRL is in a strong downtrend that is likely to continue. While TRYBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for TRYBRL
The long-term trend has been DOWN since Apr 22nd, 2021 at 0.67138080
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 0.61429256
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.58807164
Smart Scan Analysis for TRYBRL
Based on our trend formula, TRYBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).