Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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.
MarketClub’s Trade Triangles for TRYBRL
The long-term trend has been UP since Mar 3rd, 2020 at 0.7390027
The intermediate-term trend has been DOWN since May 28th, 2020 at 0.7744895
The short-term trend has been DOWN since May 18th, 2020 at 0.8330720
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).