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Forex Trend Analysis Report

Prepared for you on Friday, April 16, 2021.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Weak Downtrend (-65) - TRYBRL is showing signs of a strengthening downtrend. Monitor TRYBRL as it may be building momentum to the downside.

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
0.6988796 0.7028486 0.6905685 0.6934001 -0.0054800
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term up The long-term trend has been UP since Jan 7th, 2021 at 0.7356536

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.7425153

short term down The short-term trend has been DOWN since Apr 16th, 2021 at 0.6924539

Smart Scan Analysis for TRYBRL

Based on our trend formula, TRYBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6988796 0.7028486 0.6905685 0.6934001 -0.0054800
Prev. Close Volume Bid Ask Time
0.6988796 2021-04-16 13:13:37
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