Forex Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
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 UP since Jan 12th, 2023 at 3.7043445
The intermediate-term trend has been UP since Sep 18th, 2023 at 5.5798708
The short-term trend has been UP since Sep 27th, 2023 at 5.5681384
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).