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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.

FOREX_GBPBRL
Open High Low GBPBRL Price Change
4.8447 4.8501 4.8447 4.8501 +0.0054
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 May 14th, 2018 at 4.90050

short term down 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).

+65
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8447 4.8501 4.8447 4.8501 +0.0054
Prev. Close Volume Bid Ask Time
4.8447 4.8481 4.8521 2018-05-24 01:58:17
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