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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Brazilian Real/British Pound (FOREX:BRLGBP)

Sidelines Mode (-55) - BRLGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BRLGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLGBP
Open High Low BRLGBP Price Change
0.1609 0.1614 0.1602 0.1603 -0.0006
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term down The long-term trend has been DOWN since Jul 4th, 2022 at 0.1544

intermediate term up The intermediate-term trend has been UP since Jul 29th, 2022 at 0.1595

short term down The short-term trend has been DOWN since Aug 17th, 2022 at 0.1604

Smart Scan Analysis for BRLGBP

Based on our trend formula, BRLGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1609 0.1614 0.1602 0.1603 -0.0006
Prev. Close Volume Bid Ask Time
0.1609 2022-08-18 07:42:06
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