Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Brazilian Real/British Pound (FOREX:BRLGBP)
Countertrend Down (-85) - BRLGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Jan 29th, 2021 at 0.1329
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.1407
The short-term trend has been UP since Feb 17th, 2021 at 0.1345
Smart Scan Analysis for BRLGBP
Based on our trend formula, BRLGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).