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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/British Pound (FOREX:BRLGBP)
Long-Term Downtrend (-90) - BRLGBP is in a strong downtrend that is likely to continue. While BRLGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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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 DOWN since May 22nd, 2024 at 0.1533
The short-term trend has been DOWN since Jul 17th, 2024 at 0.1407
Smart Scan Analysis for BRLGBP
Based on our trend formula, BRLGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1378 | 0.1383 | 0.1371 | 0.1374 | -0.0004 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1378 | 2024-07-26 16:52:37 |