Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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.
MarketClub’s Trade Triangles for EURBRL
The long-term trend has been UP since Oct 6th, 2021 at 6.3889
The intermediate-term trend has been UP since Sep 27th, 2021 at 6.3069
The short-term trend has been DOWN since Oct 14th, 2021 at 6.3581
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).