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.
MarketClub’s Trade Triangles for BRLGBP
The long-term trend has been UP since Sep 14th, 2023 at 0.1656
The intermediate-term trend has been DOWN since Nov 23rd, 2023 at 0.1624
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).