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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Brazilian Real (FOREX:GBPBRL)
Long-Term Uptrend (+90) - GBPBRL is in a strong uptrend that is likely to continue. While GBPBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GBPBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBRL.
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 GBPBRL
The long-term trend has been UP since Jan 22nd, 2024 at 6.3389982
The intermediate-term trend has been UP since May 22nd, 2024 at 6.5231683
The short-term trend has been UP since Jul 17th, 2024 at 7.1074800
Smart Scan Analysis for GBPBRL
Based on our trend formula, GBPBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.261290 | 7.295587 | 7.230673 | 7.278141 | +0.016851 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.261290 | 2024-07-26 17:03:51 |