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Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2024.
Brazilian Real/British Pound (FOREX:BRLGBP)
Strong Downtrend (-100) - BRLGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLGBP continues to fall. 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 Dec 6th, 2024 at 0.1289
The short-term trend has been DOWN since Nov 27th, 2024 at 0.1358
Smart Scan Analysis for BRLGBP
Based on our trend formula, BRLGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1289 | 0.1289 | 0.1288 | 0.1289 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1289 | 2024-12-08 20:39:23 |