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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Turkish Lira/Brazilian Real (FOREX:TRYBRL)
Countertrend Up (+85) - TRYBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for TRYBRL
The long-term trend has been UP since Nov 6th, 2024 at 0.17441625
The intermediate-term trend has been UP since Oct 15th, 2024 at 0.16479977
The short-term trend has been UP since Nov 14th, 2024 at 0.16942903
Smart Scan Analysis for TRYBRL
Based on our trend formula, TRYBRL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.16726882 | 0.16743957 | 0.16686177 | 0.16725583 | -0.00001300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.16726882 | 2024-11-20 03:39:54 |