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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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.

FOREX_BRLEUR
Open High Low BRLEUR Price Change
0.1850 0.1859 0.1850 0.1857 +0.0007
Entry Signal

MarketClub’s Trade Triangles for BRLEUR

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 0.1829000

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.1853363

short term up The short-term trend has been UP since Mar 20th, 2024 at 0.1841000

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).

-55
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1850 0.1859 0.1850 0.1857 +0.0007
Prev. Close Volume Bid Ask Time
0.1850 2024-03-28 06:27:17
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