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Forex Trend Analysis Report
Prepared for you on Tuesday, May 14, 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.
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MarketClub’s Trade Triangles for EURBRL
The long-term trend has been UP since Oct 6th, 2023 at 5.4640
The intermediate-term trend has been UP since Feb 23rd, 2024 at 5.3956
The short-term trend has been UP since May 9th, 2024 at 5.4908
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.5632 | 5.5687 | 5.5392 | 5.5515 | -0.0117 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.5632 | 2024-05-14 15:25:07 |