Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
British Pound/Brazilian Real (FOREX:GBPBRL)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for GBPBRL
The long term trend has been UP since Apr 20th, 2017 at 4.04360
The intermediate term trend has been UP since May 14th, 2018 at 4.90050
The short term trend has been DOWN since May 21st, 2018 at 4.94375
Smart Scan Analysis for GBPBRL
Based on a pre-defined weighted trend formula for chart analysis, GBPBRL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).