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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.

Open High Low EURBRL Price Change
6.3218 6.3319 6.3202 6.3267 +0.0049
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Oct 6th, 2021 at 6.3889

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 6.3069

short term down 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).

Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3218 6.3319 6.3202 6.3267 +0.0049
Prev. Close Volume Bid Ask Time
6.3218 2021-10-18 07:22:34
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