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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 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
6.4683161 6.5924976 6.4529115 6.5811892 +0.1128730
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term up The long-term trend has been UP since Sep 19th, 2019 at 5.1519500

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2020 at 6.6340378

short term down The short-term trend has been DOWN since May 15th, 2020 at 7.0865560

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
6.4683161 6.5924976 6.4529115 6.5811892 +0.1128730
Prev. Close Volume Bid Ask Time
6.4683161 6.5793426 6.5830358 2020-05-28 11:51:38
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