Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Brazilian Real/Euro (FOREX:BRLEUR)
Weak Downtrend (-65) - BRLEUR is showing signs of a strengthening downtrend. Monitor BRLEUR as it may be building momentum to the downside.
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 Aug 23rd, 2019 at 0.21720000
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.21890000
The short-term trend has been UP since Apr 8th, 2020 at 0.17713546
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).