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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Sidelines Mode (+55) - TRYBRL 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 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
0.27539739 0.27605595 0.27441315 0.27573219 +0.00033500
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term down The long-term trend has been DOWN since Apr 22nd, 2021 at 0.67138080

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 0.27787108

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 0.27506685

Smart Scan Analysis for TRYBRL

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

+55
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27539739 0.27605595 0.27441315 0.27573219 +0.00033500
Prev. Close Volume Bid Ask Time
0.27539739 2023-03-21 10:45:36
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