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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Brazilian Real/Euro (FOREX:BRLEUR)

Sidelines Mode (-55) - BRLEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.18870000 0.18965267 0.18820000 0.18895084 +0.00025100
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 down The intermediate-term trend has been DOWN since Nov 26th, 2023 at 0.1863

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.1873

Smart Scan Analysis for BRLEUR

Based on our trend formula, BRLEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18870000 0.18965267 0.18820000 0.18895084 +0.00025100
Prev. Close Volume Bid Ask Time
0.18895084 2023-12-08 20:32:21
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