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.
MarketClub’s Trade Triangles for BRLGBP
The long-term trend has been DOWN since Sep 19th, 2019 at 0.1941
The intermediate-term trend has been UP since Sep 4th, 2020 at 0.1431
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).