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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Euro/Brazilian Real (FOREX:EURBRL)

Weak Downtrend (-65) - EURBRL is showing signs of a strengthening downtrend. Monitor EURBRL as it may be building momentum to the downside.

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
5.2523 5.2681 5.2070 5.2088 -0.0435
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Jul 4th, 2022 at 5.5679

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 5.3019

short term down The short-term trend has been DOWN since Aug 12th, 2022 at 5.2069

Smart Scan Analysis for EURBRL

Based on our trend formula, EURBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2523 5.2681 5.2070 5.2088 -0.0435
Prev. Close Volume Bid Ask Time
5.2523 2022-08-18 22:25:37
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