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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Euro/Brazilian Real (FOREX:EURBRL)

Bull Market Weakness (+75) - EURBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURBRL as it may be in the beginning stages of a reversal.

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
5.6223 5.6290 5.5941 5.6151 -0.0072
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Nov 10th, 2022 at 5.4348

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 5.5868

short term down The short-term trend has been DOWN since Mar 27th, 2023 at 5.6383

Smart Scan Analysis for EURBRL

Based on our trend formula, EURBRL is rated as a +75 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
5.6223 5.6290 5.5941 5.6151 -0.0072
Prev. Close Volume Bid Ask Time
5.6223 2023-03-28 08:55:06
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