Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Brazilian Real/British Pound (FOREX:BRLGBP)
Strong Downtrend (-100) - BRLGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for BRLGBP
The long-term trend has been DOWN since Sep 19th, 2019 at 0.1941
The intermediate-term trend has been DOWN since Jul 31st, 2020 at 0.1464
The short-term trend has been DOWN since Jul 30th, 2020 at 0.1484
Smart Scan Analysis for BRLGBP
Based on our trend formula, BRLGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).