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Forex Trend Analysis Report

Prepared for you on Friday, May 3, 2024.

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
0.15785215 0.15823506 0.15596822 0.15675280 -0.00109900
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term down The long-term trend has been DOWN since May 5th, 2021 at 0.65026218

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 0.15689273

short term down The short-term trend has been DOWN since May 2nd, 2024 at 0.15707584

Smart Scan Analysis for TRYBRL

Based on our trend formula, TRYBRL is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15785215 0.15823506 0.15596822 0.15675280 -0.00109900
Prev. Close Volume Bid Ask Time
0.15785215 2024-05-03 12:08:34
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