Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
Euro/Brazilian Real (FOREX:EURBRL)
Countertrend Up (+85) - EURBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for EURBRL
The long-term trend has been UP since Mar 1st, 2021 at 6.7704
The intermediate-term trend has been UP since Dec 28th, 2020 at 6.3728
The short-term trend has been DOWN since Mar 4th, 2021 at 6.6940
Smart Scan Analysis for EURBRL
Based on our trend formula, EURBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).