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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Brazilian Real/British Pound (FOREX:BRLGBP)
Crossroads (+60) - BRLGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BRLGBP
The long-term trend has been DOWN since Jan 22nd, 2024 at 0.1578
The intermediate-term trend has been UP since Nov 13th, 2024 at 0.1368
The short-term trend has been UP since Nov 12th, 2024 at 0.1358
Smart Scan Analysis for BRLGBP
Based on our trend formula, BRLGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1365 | 0.1366 | 0.1363 | 0.1365 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1365 | 2024-11-20 03:37:11 |