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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.

FOREX_BRLEUR
Open High Low BRLEUR Price Change
0.1827 0.1835 0.1827 0.1833 +0.0006
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 0.18290000

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.18533630

short term down 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).

-90
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways 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
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