Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Brazilian Real/Euro (FOREX:BRLEUR)
Strong Downtrend (-100) - BRLEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for BRLEUR
The long-term trend has been DOWN since Oct 6th, 2021 at 0.15650000
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.15855657
The short-term trend has been DOWN since Oct 18th, 2021 at 0.15599900
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).