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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/Euro (FOREX:BRLEUR)
Strong Downtrend (-100) - BRLEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLEUR continues to fall. 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.
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MarketClub’s Trade Triangles for BRLEUR
The long-term trend has been DOWN since Oct 6th, 2023 at 0.1829000
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.1853363
The short-term trend has been DOWN since Jul 17th, 2024 at 0.1674000
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.16320000 | 0.16386465 | 0.16230000 | 0.16270000 | -0.00050000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.16320000 | 2024-07-26 17:01:27 |