Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Turkish Lira/Brazilian Real (FOREX:TRYBRL)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TRYBRL
The long term trend has been DOWN since Apr 26th, 2019 at 0.65948
The intermediate term trend has been DOWN since Jul 12th, 2019 at 0.65515
The short term trend has been UP since Jul 17th, 2019 at 0.66033
Smart Scan Analysis for TRYBRL
Based on a pre-defined weighted trend formula for chart analysis, TRYBRL scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).