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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.

Open High Low EURBRL Price Change
6.7793 6.8107 6.7529 6.7826 +0.0033
Entry Signal

MarketClub’s Trade Triangles for EURBRL

long term up The long-term trend has been UP since Mar 1st, 2021 at 6.7704

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2020 at 6.3728

short term down 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).

Smart Scan Analysis for EURBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.7793 6.8107 6.7529 6.7826 +0.0033
Prev. Close Volume Bid Ask Time
6.7793 2021-03-05 17:01:01
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