Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 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 Nov 10th, 2022 at 0.1839
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.1789
The short-term trend has been UP since Mar 27th, 2023 at 0.1774
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).