Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Turkish Lira/Brazilian Real (FOREX:TRYBRL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TRYBRL
The long term trend has been DOWN since Dec 17th, 2019 at 0.6898000
The intermediate term trend has been UP since Jan 13th, 2020 at 0.6985905
The short term trend has been DOWN since Jan 20th, 2020 at 0.7052704
Smart Scan Analysis for TRYBRL
Based on a pre-defined weighted trend formula for chart analysis, TRYBRL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).