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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.

Open High Low BRLGBP Price Change
0.1263 0.1264 0.1247 0.1248 -0.0015
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term down The long-term trend has been DOWN since Jan 29th, 2021 at 0.1329

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.1407

short term up 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).

Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1263 0.1264 0.1247 0.1248 -0.0015
Prev. Close Volume Bid Ask Time
0.1263 2021-03-03 10:21:26
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