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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

Brazilian Real/British Pound (FOREX:BRLGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

Open High Low BRLGBP Price Change
0.2064 0.2064 0.2043 0.2048 -0.0016
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 down The intermediate term trend has been DOWN since May 14th, 2018 at 0.2043

short term up The short term trend has been UP since May 21st, 2018 at 0.2024

Smart Scan Analysis for BRLGBP

Based on a pre-defined weighted trend formula for chart analysis, BRLGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2064 0.2064 0.2043 0.2048 -0.0016
Prev. Close Volume Bid Ask Time
0.2064 0.2047 0.2049 2018-05-24 21:28:58
Want to analyze Brazilian Real/British Pound BRLGBP or another symbol? Try our Free Forex Trend Analysis Report.