Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Brazilian Real/Turkish Lira (FOREX:BRLTRY)
Bull Market Weakness (+75) - BRLTRY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLTRY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BRLTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLTRY
The long-term trend has been DOWN since Dec 18th, 2020 at 1.5073345
The intermediate-term trend has been UP since Feb 26th, 2021 at 1.3474223
The short-term trend has been UP since Apr 16th, 2021 at 1.4448222
Smart Scan Analysis for BRLTRY
Based on our trend formula, BRLTRY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).