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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Brazilian Real/British Pound (FOREX:BRLGBP)

Strong Downtrend (-100) - BRLGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLGBP continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BRLGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLGBP
Open High Low BRLGBP Price Change
0.1533 0.1535 0.1523 0.1525 -0.0008
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term down The long-term trend has been DOWN since Jan 22nd, 2024 at 0.1578

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.1585

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 0.1561

Smart Scan Analysis for BRLGBP

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

-100
Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1533 0.1535 0.1523 0.1525 -0.0008
Prev. Close Volume Bid Ask Time
0.1533 2024-04-18 13:23:08
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