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Forex Trend Analysis Report

Prepared for you on Tuesday, February 20, 2018.

British Pound/Brazilian Real (FOREX:GBPBRL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 GBPBRL Price Change
4.5200 4.5565 4.5103 4.5493 +0.0293
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term up The long term trend has been UP since Apr 20th, 2017 at 4.04360

intermediate term up The intermediate term trend has been UP since Jan 23rd, 2018 at 4.49265

short term down The short term trend has been DOWN since Feb 14th, 2018 at 4.52790

Smart Scan Analysis for GBPBRL

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

Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5200 4.5565 4.5103 4.5493 +0.0293
Prev. Close Volume Bid Ask Time
4.5200 4.5472 4.5514 2018-02-20 16:02:18
Want to analyze British Pound/Brazilian Real GBPBRL or another symbol? Try our Free Forex Trend Analysis Report.