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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Long-Term Uptrend (+90) - TRYBRL is in a strong uptrend that is likely to continue. While TRYBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.16629921 0.16637578 0.16518660 0.16543771 -0.00086200
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term up The long-term trend has been UP since Jun 3rd, 2024 at 0.16323488

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 0.15689273

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.16546665

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).

+90
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16629921 0.16637578 0.16518660 0.16543771 -0.00086200
Prev. Close Volume Bid Ask Time
0.16629921 2024-06-21 17:03:48
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