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Forex Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

Brazilian Real/British Pound (FOREX:BRLGBP)

Long-Term Downtrend (-90) - BRLGBP is in a strong downtrend that is likely to continue. While BRLGBP is showing intraday strength, it remains in the confines of a bearish trend. 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
0.1322 0.1338 0.1317 0.1337 +0.0015
Entry Signal

MarketClub’s Trade Triangles for BRLGBP

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 0.1342

intermediate term down The intermediate-term trend has been DOWN since Dec 1st, 2021 at 0.1321

short term down The short-term trend has been DOWN since Dec 1st, 2021 at 0.1333

Smart Scan Analysis for BRLGBP

Based on our trend formula, BRLGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1322 0.1338 0.1317 0.1337 +0.0015
Prev. Close Volume Bid Ask Time
0.1322 2021-12-02 11:58:32
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