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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Brazilian Real/Euro (FOREX:BRLEUR)
Countertrend Down (-85) - BRLEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Apr 22nd, 2024 at 0.1810000
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1814 | 0.1822 | 0.1803 | 0.1806 | -0.0008 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1814 | 2024-04-25 22:29:47 |