Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
British Pound/Brazilian Real (FOREX:GBPBRL)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Jun 3rd, 2019 at 4.93335
The intermediate term trend has been UP since Aug 5th, 2019 at 4.75275
The short term trend has been UP since Sep 13th, 2019 at 5.10615
Smart Scan Analysis for GBPBRL
Based on a pre-defined weighted trend formula for chart analysis, GBPBRL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).