Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
British Pound/Brazilian Real (FOREX:GBPBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPBRL
The long term trend has been UP since Sep 19th, 2019 at 5.1519500
The intermediate term trend has been UP since Jan 13th, 2020 at 5.3681171
The short term trend has been DOWN since Jan 20th, 2020 at 5.4083304
Smart Scan Analysis for GBPBRL
Based on a pre-defined weighted trend formula for chart analysis, GBPBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).