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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

Brazilian Real/British Pound (FOREX:BRLGBP)

Bull Market Weakness (+75) - BRLGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLGBP as it may be in the beginning stages of a reversal.

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.

Open High Low BRLGBP Price Change
0.1623 0.1623 0.1621 0.1622 -0.0001
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term up The long-term trend has been UP since Sep 14th, 2023 at 0.1656

intermediate term down The intermediate-term trend has been DOWN since Nov 23rd, 2023 at 0.1624

short term up The short-term trend has been UP since Dec 6th, 2023 at 0.1619

Smart Scan Analysis for BRLGBP

Based on our trend formula, BRLGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1623 0.1623 0.1621 0.1622 -0.0001
Prev. Close Volume Bid Ask Time
0.1623 2023-12-11 01:45:41
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