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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

Euro/Brazilian Real (FOREX:EURBRL)

Weak Downtrend (-65) - EURBRL is showing signs of a strengthening downtrend. Monitor EURBRL as it may be building momentum to the downside.

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
6.0975700 6.1124786 6.0753431 6.0827341 -0.0148360
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Oct 6th, 2023 at 5.4640000

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2024 at 6.0780000

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 6.0864363

Smart Scan Analysis for EURBRL

Based on our trend formula, EURBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.0975700 6.1124786 6.0753431 6.0827341 -0.0148360
Prev. Close Volume Bid Ask Time
6.0975700 2024-11-21 06:36:58
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