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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Brazilian Real/Euro (FOREX:BRLEUR)

Bear Market Rally (-75) - BRLEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLEUR as it may be in the beginning 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.

FOREX_BRLEUR
Open High Low BRLEUR Price Change
0.1719 0.1720 0.1719 0.1719 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 0.1829000

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.1853363

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.1748000

Smart Scan Analysis for BRLEUR

Based on our trend formula, BRLEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1719 0.1720 0.1719 0.1719 0.0000
Prev. Close Volume Bid Ask Time
0.1719 2024-06-18 00:38:42
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