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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Brazilian Real/Euro (FOREX:BRLEUR)
Weak Downtrend (-65) - BRLEUR is showing signs of a strengthening downtrend. Monitor BRLEUR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BRLEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLEUR.
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 BRLEUR
The long-term trend has been DOWN since Oct 6th, 2023 at 0.1829000
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.1853363
The short-term trend has been UP since May 2nd, 2024 at 0.1831000
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1835000 | 0.1836000 | 0.1821926 | 0.1828000 | -0.0007000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1835000 | 2024-05-08 22:53:21 |