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Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

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
5.9437 5.9769 5.8738 5.8740 -0.0697
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 4.6000

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2020 at 5.9444

short term down The short-term trend has been DOWN since May 15th, 2020 at 6.2435

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
5.9437 5.9769 5.8738 5.8740 -0.0697
Prev. Close Volume Bid Ask Time
5.9437 5.8700 5.8780 2020-05-26 14:22:17
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