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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.

FOREX_GBPBRL
Open High Low GBPBRL Price Change
6.4267458 6.4641349 6.4032080 6.4309878 +0.0042420
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 6.0864363

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 6.3499237

short term up 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).

+60
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways 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
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