Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Brazilian Real/Turkish Lira (FOREX:BRLTRY)

Countertrend Up (+85) - BRLTRY 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 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
6.4916691 6.4966405 6.4896384 6.4900637 -0.0016050
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 up The intermediate-term trend has been UP since Oct 17th, 2023 at 5.5894564

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 6.3984597

Smart Scan Analysis for BRLTRY

Based on our trend formula, BRLTRY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for BRLTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4916691 6.4966405 6.4896384 6.4900637 -0.0016050
Prev. Close Volume Bid Ask Time
6.4916691 2024-03-29 00:16:06
Get a free daily analysis and signals for Brazilian Real/Turkish Lira (BRLTRY) - Request Your Free Report.