Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Brazilian Real/British Pound (FOREX:BRLGBP)
Bear Market Rally (-75) - BRLGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLGBP as it may be in the beginning 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.
MarketClub’s Trade Triangles for BRLGBP
The long-term trend has been DOWN since Oct 6th, 2021 at 0.1342
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.1356
The short-term trend has been UP since Oct 25th, 2021 at 0.1296
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).