Forex Trend Analysis Report
Prepared for you on Friday, April 16, 2021.
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 Jan 7th, 2021 at 0.7356536
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.7425153
The short-term trend has been DOWN since Apr 16th, 2021 at 0.6924539
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).