Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Brazilian Real/Euro (FOREX:BRLEUR)

Crossroads (-60) - BRLEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.1573 0.1574 0.1562 0.1563 -0.0010
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 0.1829

intermediate term up The intermediate-term trend has been UP since Nov 18th, 2024 at 0.1644

short term up The short-term trend has been UP since Dec 5th, 2024 at 0.1587

Smart Scan Analysis for BRLEUR

Based on our trend formula, BRLEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1573 0.1574 0.1562 0.1563 -0.0010
Prev. Close Volume Bid Ask Time
0.1573 2024-12-06 05:01:28
Get a free daily analysis and signals for Brazilian Real/Euro (BRLEUR) - Request Your Free Report.