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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.

FOREX_BRLEUR
Open High Low BRLEUR Price Change
0.1478 0.1485 0.1477 0.1485 +0.0007
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term down The long-term trend has been DOWN since Feb 26th, 2021 at 0.1482

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.1562

short term down 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).

-90
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1478 0.1485 0.1477 0.1485 +0.0007
Prev. Close Volume Bid Ask Time
0.1478 2021-03-01 05:13:06
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