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.
MarketClub’s Trade Triangles for GBPBRL
The long term trend has been DOWN since Oct 22nd, 2018 at 4.77375
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 4.84840
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).