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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
British Pound/Brazilian Real (FOREX:GBPBRL)
Weak Uptrend (+65) - GBPBRL is showing signs of weakening momentum to the upside. Monitor GBPBRL as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for GBPBRL
The long-term trend has been UP since Jan 22nd, 2024 at 6.3389982
The intermediate-term trend has been UP since Feb 23rd, 2024 at 6.3091583
The short-term trend has been DOWN since May 2nd, 2024 at 6.3927444
Smart Scan Analysis for GBPBRL
Based on our trend formula, GBPBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.4184958 | 6.4241488 | 6.3532504 | 6.3663174 | -0.0521780 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.4184958 | 2024-05-03 17:04:46 |