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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

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.

FOREX_EURBRL
Open High Low EURBRL Price Change
6.3653827 6.3816313 6.3051803 6.3131414 -0.0522410
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Oct 6th, 2023 at 5.4640000

intermediate term up The intermediate-term trend has been UP since Dec 9th, 2024 at 6.4557887

short term down The short-term trend has been DOWN since Dec 10th, 2024 at 6.3451879

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).

+75
Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3653827 6.3816313 6.3051803 6.3131414 -0.0522410
Prev. Close Volume Bid Ask Time
6.3653827 2024-12-11 14:03:32
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