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Forex Trend Analysis Report

Prepared for you on Friday, January 19, 2018.

Brazilian Real/British Pound (FOREX:BRLGBP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_BRLGBP
Open High Low BRLGBP Price Change
0.2242 0.2259 0.2237 0.2259 +0.0017
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term down The long term trend has been DOWN since Apr 20th, 2017 at 0.2473

intermediate term up The intermediate term trend has been UP since Jan 3rd, 2018 at 0.2284

short term down The short term trend has been DOWN since Jan 12th, 2018 at 0.2270

Smart Scan Analysis for BRLGBP

Based on a pre-defined weighted trend formula for chart analysis, BRLGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2242 0.2259 0.2237 0.2259 +0.0017
Prev. Close Volume Bid Ask Time
0.2242 0.2258 0.2260 2018-01-19 18:34:10
Want to analyze Brazilian Real/British Pound BRLGBP or another symbol? Try our Free Forex Trend Analysis Report.