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Forex Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

British Pound/Brazilian Real (FOREX:GBPBRL)

Sidelines Mode (+55) - GBPBRL 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 GBPBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBRL
Open High Low GBPBRL Price Change
7.369213 7.425841 7.326023 7.398523 +0.029310
Entry Signal

MarketClub’s Trade Triangles for GBPBRL

long term up The long-term trend has been UP since Oct 6th, 2021 at 7.459939

intermediate term down The intermediate-term trend has been DOWN since Jan 18th, 2022 at 7.484928

short term up The short-term trend has been UP since Jan 19th, 2022 at 7.581519

Smart Scan Analysis for GBPBRL

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

+55
Smart Scan Analysis for GBPBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.369213 7.425841 7.326023 7.398523 +0.029310
Prev. Close Volume Bid Ask Time
7.369213 2022-01-21 17:02:48
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