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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2025.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Crossroads (-60) - TRYBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.16890909 0.16981344 0.16592157 0.16671550 -0.00219400
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term up The long-term trend has been UP since Nov 6th, 2024 at 0.17441625

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2025 at 0.17177956

short term down The short-term trend has been DOWN since Jan 21st, 2025 at 0.16917337

Smart Scan Analysis for TRYBRL

Based on our trend formula, TRYBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16890909 0.16981344 0.16592157 0.16671550 -0.00219400
Prev. Close Volume Bid Ask Time
0.16890909 2025-01-22 23:25:44
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