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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

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.

Open High Low EURBRL Price Change
5.2921 5.2989 5.2921 5.2957 +0.0036
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Oct 6th, 2023 at 5.4640

intermediate term up The intermediate-term trend has been UP since Nov 27th, 2023 at 5.3646

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 5.3430

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).

Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2921 5.2989 5.2921 5.2957 +0.0036
Prev. Close Volume Bid Ask Time
5.2921 2023-12-08 04:20:22
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