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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for BRLEUR
The long-term trend has been DOWN since Oct 6th, 2023 at 0.1829
The intermediate-term trend has been UP since Nov 18th, 2024 at 0.1644
The short-term trend has been UP since Nov 18th, 2024 at 0.1643
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1635 | 0.1638 | 0.1635 | 0.1638 | +0.0003 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1635 | 2024-11-20 03:22:11 |