Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Brazilian Real (FOREX:GBPBRL)
Long-Term Uptrend (+90) - GBPBRL is in a strong uptrend that is likely to continue. While GBPBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for GBPBRL
The long-term trend has been UP since Jan 29th, 2021 at 7.548810
The intermediate-term trend has been UP since Dec 28th, 2020 at 7.107335
The short-term trend has been UP since Feb 18th, 2021 at 7.521859
Smart Scan Analysis for GBPBRL
Based on our trend formula, GBPBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).