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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Euro/Brazilian Real (FOREX:EURBRL)

Sidelines Mode (+55) - EURBRL 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 EURBRL?

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

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

FOREX_EURBRL
Open High Low EURBRL Price Change
5.9727 5.9762 5.9708 5.9762 +0.0035
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 4.6000

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2020 at 5.9444

short term up The short-term trend has been UP since May 29th, 2020 at 5.9934

Smart Scan Analysis for EURBRL

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

+55
Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.9727 5.9762 5.9708 5.9762 +0.0035
Prev. Close Volume Bid Ask Time
5.9727 5.9722 5.9802 2020-06-02 02:10:39
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