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.
MarketClub’s Trade Triangles for EURBRL
The long-term trend has been UP since Jul 4th, 2022 at 5.5679
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 5.3019
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).