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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Brazilian Real (FOREX:GBPBRL)
Sidelines Mode (+55) - GBPBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jan 22nd, 2024 at 6.3389982
The intermediate-term trend has been DOWN since Nov 13th, 2024 at 7.3087770
The short-term trend has been UP since Nov 6th, 2024 at 7.6277830
Smart Scan Analysis for GBPBRL
Based on our trend formula, GBPBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.326023 | 7.340512 | 7.315305 | 7.331394 | +0.005371 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.326023 | 2024-11-20 03:50:24 |