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.
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 Jan 23rd, 2018 at 4.49265
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).