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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
British Pound/Brazilian Real (FOREX:GBPBRL)
Crossroads (+60) - GBPBRL 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 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 DOWN since Mar 8th, 2023 at 6.0864363
The intermediate-term trend has been UP since Mar 13th, 2023 at 6.3499237
The short-term trend has been UP since Mar 10th, 2023 at 6.2189151
Smart Scan Analysis for GBPBRL
Based on our trend formula, GBPBRL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.4267458 | 6.4641349 | 6.4032080 | 6.4309878 | +0.0042420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.4267458 | 2023-03-20 18:07:35 |