Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

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
5.4396 5.4772 5.4356 5.4644 +0.0248
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Oct 6th, 2023 at 5.4640

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2024 at 5.3956

short term up The short-term trend has been UP since Mar 18th, 2024 at 5.4563

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
5.4396 5.4772 5.4356 5.4644 +0.0248
Prev. Close Volume Bid Ask Time
5.4396 2024-03-18 15:51:34
Get a free daily analysis and signals for Euro/Brazilian Real (EURBRL) - Request Your Free Report.