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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Brazilian Real/British Pound (FOREX:BRLGBP)
Bear Market Rally (-75) - BRLGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BRLGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLGBP.
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 BRLGBP
The long-term trend has been DOWN since Jan 22nd, 2024 at 0.1578
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.1585
The short-term trend has been UP since Apr 19th, 2024 at 0.1554
Smart Scan Analysis for BRLGBP
Based on our trend formula, BRLGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1550 | 0.1551 | 0.1550 | 0.1550 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1550 | 2024-04-26 00:04:15 |