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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.
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MarketClub’s Trade Triangles for TRYBRL
The long-term trend has been DOWN since Apr 22nd, 2021 at 0.67138080
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.27787108
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).
| 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 |