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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Brazilian Real (FOREX:GBPBRL)
Bull Market Weakness (+75) - GBPBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBRL.
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 GBPBRL
The long-term trend has been UP since Jan 22nd, 2024 at 6.3389982
The intermediate-term trend has been DOWN since May 7th, 2024 at 6.3371458
The short-term trend has been UP since May 9th, 2024 at 6.4102669
Smart Scan Analysis for GBPBRL
Based on our trend formula, GBPBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.3572894 | 6.4698669 | 6.3371458 | 6.4684308 | +0.1111410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.3572894 | 2024-05-09 13:13:27 |