Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Brazilian Real/Euro (FOREX:BRLEUR)
Long-Term Downtrend (-90) - BRLEUR is in a strong downtrend that is likely to continue. While BRLEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 0.18290000
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.18533630
The short-term trend has been DOWN since Mar 18th, 2024 at 0.18358065
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.1827 | 0.1835 | 0.1827 | 0.1833 | +0.0006 |
Prev. Close | Volume | Bid | Ask | Time |
0.1827 | 2024-03-19 07:12:05 |