Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Brazilian Real/Euro (FOREX:BRLEUR)
Long-Term Downtrend (-90) - BRLEUR is in a strong downtrend that is likely to continue. While BRLEUR is showing intraday strength, it remains in the confines of a bearish trend. 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 Feb 26th, 2021 at 0.1482
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.1562
The short-term trend has been DOWN since Feb 18th, 2021 at 0.1530
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).