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.
MarketClub’s Trade Triangles for EURBRL
The long-term trend has been UP since Aug 23rd, 2019 at 4.6000
The intermediate-term trend has been DOWN since May 25th, 2020 at 5.9444
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).