Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

Euro/Brazilian Real (FOREX:EURBRL)

Strong Uptrend (+100) - EURBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
6.0581 6.1364 6.0468 6.1313 +0.0732
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 Feb 23rd, 2024 at 5.3956

short term up The short-term trend has been UP since Jul 12th, 2024 at 5.9260

Smart Scan Analysis for EURBRL

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

+100
Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.0581 6.1364 6.0468 6.1313 +0.0732
Prev. Close Volume Bid Ask Time
6.0581 2024-07-24 16:01:21
Get a free daily analysis and signals for Euro/Brazilian Real (EURBRL) - Request Your Free Report.