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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

Euro/Brazilian Real (FOREX:EURBRL)

Long-Term Uptrend (+90) - EURBRL is in a strong uptrend that is likely to continue. While EURBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
4.7430 4.7708 4.7412 4.7607 +0.0177
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 4.6000

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 4.5666

short term up The short-term trend has been UP since Feb 19th, 2020 at 4.7195

Smart Scan Analysis for EURBRL

Based on our trend formula, EURBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7430 4.7708 4.7412 4.7607 +0.0177
Prev. Close Volume Bid Ask Time
4.7430 4.7567 4.7647 2020-02-21 16:58:13
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