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Forex Trend Analysis Report

Prepared for you on Saturday, March 2, 2024.

Turkish Lira/Brazilian Real (FOREX:TRYBRL)

Long-Term Downtrend (-90) - TRYBRL is in a strong downtrend that is likely to continue. While TRYBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.15835725 0.15881560 0.15760796 0.15788148 -0.00047600
Entry Signal

MarketClub’s Trade Triangles for TRYBRL

long term down The long-term trend has been DOWN since Mar 3rd, 2021 at 0.75554560

intermediate term down The intermediate-term trend has been DOWN since Oct 17th, 2023 at 0.17879763

short term down The short-term trend has been DOWN since Feb 27th, 2024 at 0.15944384

Smart Scan Analysis for TRYBRL

Based on our trend formula, TRYBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TRYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15835725 0.15881560 0.15760796 0.15788148 -0.00047600
Prev. Close Volume Bid Ask Time
0.15835725 2024-03-01 16:49:03
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