Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Brazilian Real/Euro (FOREX:BRLEUR)
Bull Market Weakness (+75) - BRLEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLEUR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for BRLEUR
The long-term trend has been DOWN since Aug 23rd, 2019 at 0.21720000
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.15351321
The short-term trend has been UP since Dec 1st, 2020 at 0.15813783
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).