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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

British Pound/Brazilian Real (FOREX:GBPBRL)

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_GBPBRL
Open High Low GBPBRL Price Change
4.81000 4.88265 4.79620 4.86380 +0.05380
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 Jan 2nd, 2019 at 4.84840

short term up The short term trend has been UP since Jan 14th, 2019 at 4.77850

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).

-65
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.81000 4.88265 4.79620 4.86380 +0.05380
Prev. Close Volume Bid Ask Time
4.81000 4.86140 4.86620 2019-01-17 20:23:01
Want to analyze British Pound/Brazilian Real GBPBRL or another symbol? Try our Free Forex Trend Analysis Report.