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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

British Pound/Brazilian Real (FOREX:GBPBRL)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_GBPBRL
Open High Low GBPBRL Price Change
4.84735 4.86275 4.76325 4.77155 -0.07580
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term down The long term trend has been DOWN since Oct 22nd, 2018 at 4.77375

intermediate term down The intermediate term trend has been DOWN since Sep 27th, 2018 at 5.21650

short term down The short term trend has been DOWN since Oct 15th, 2018 at 4.92610

Smart Scan Analysis for GBPBRL

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

-100
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.84735 4.86275 4.76325 4.77155 -0.07580
Prev. Close Volume Bid Ask Time
4.84735 4.76960 4.77350 2018-10-22 14:46:25
Want to analyze British Pound/Brazilian Real GBPBRL or another symbol? Try our Free Forex Trend Analysis Report.