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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Brazilian Real/British Pound (FOREX:BRLGBP)

Weak Downtrend (-65) - BRLGBP is showing signs of a strengthening downtrend. Monitor BRLGBP as it may be building momentum to the downside.

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
0.1551 0.1562 0.1535 0.1537 -0.0014
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term up The long-term trend has been UP since Mar 8th, 2023 at 0.1643

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.1575

short term down The short-term trend has been DOWN since Mar 10th, 2023 at 0.1608

Smart Scan Analysis for BRLGBP

Based on our trend formula, BRLGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1551 0.1562 0.1535 0.1537 -0.0014
Prev. Close Volume Bid Ask Time
0.1551 2023-03-23 19:52:46
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