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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.

FOREX_GBPBRL
Open High Low GBPBRL Price Change
6.930020 7.002815 6.872865 6.928695 -0.001325
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term up The long-term trend has been UP since Sep 19th, 2019 at 5.151950

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2020 at 7.163338

short term down 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).

-60
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.930020 7.002815 6.872865 6.928695 -0.001325
Prev. Close Volume Bid Ask Time
6.930020 2020-12-04 16:57:19
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