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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Brazilian Real/Turkish Lira (FOREX:BRLTRY)

Sidelines Mode (+55) - BRLTRY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BRLTRY
Open High Low BRLTRY Price Change
6.2291357 6.3097000 6.2223980 6.2992555 +0.0701200
Entry Signal

MarketClub’s Trade Triangles for BRLTRY

long term up The long-term trend has been UP since Jan 12th, 2023 at 3.7043445

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 6.3753390

short term up The short-term trend has been UP since Apr 19th, 2024 at 6.3681045

Smart Scan Analysis for BRLTRY

Based on our trend formula, BRLTRY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BRLTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.2291357 6.3097000 6.2223980 6.2992555 +0.0701200
Prev. Close Volume Bid Ask Time
6.2291357 2024-04-22 18:43:05
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