Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
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.
MarketClub’s Trade Triangles for GBPBRL
The long-term trend has been UP since Sep 19th, 2019 at 5.151950
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 7.163338
The short-term trend has been DOWN since Nov 30th, 2020 at 7.072150
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).