Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

British Pound/Brazilian Real (FOREX:GBPBRL)

Countertrend Up (+85) - GBPBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
6.3923869 6.4309802 6.3734967 6.4152046 +0.0228180
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term up The long-term trend has been UP since Jan 22nd, 2024 at 6.3389982

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2024 at 6.3091583

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 6.4350171

Smart Scan Analysis for GBPBRL

Based on our trend formula, GBPBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3923869 6.4309802 6.3734967 6.4152046 +0.0228180
Prev. Close Volume Bid Ask Time
6.3923869 2024-04-24 11:20:47
Get a free daily analysis and signals for British Pound/Brazilian Real (GBPBRL) - Request Your Free Report.