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.
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 Jul 25th, 2022 at 0.30223099
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).