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.
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 DOWN since Nov 26th, 2023 at 0.1863
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).