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Forex Trend Analysis Report

Prepared for you on Saturday, September 19, 2020.

Brazilian Real/British Pound (FOREX:BRLGBP)

Sidelines Mode (-55) - BRLGBP 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 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
0.1472 0.1474 0.1433 0.1435 -0.0037
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term down The long-term trend has been DOWN since Sep 19th, 2019 at 0.1941

intermediate term up The intermediate-term trend has been UP since Sep 4th, 2020 at 0.1431

short term down The short-term trend has been DOWN since Sep 18th, 2020 at 0.1460

Smart Scan Analysis for BRLGBP

Based on our trend formula, BRLGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1472 0.1474 0.1433 0.1435 -0.0037
Prev. Close Volume Bid Ask Time
0.1472 0.1433 0.1437 2020-09-18 17:12:20
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