Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
Brazilian Real/Euro (FOREX:BRLEUR)
Crossroads (+60) - BRLEUR is struggling to move into a solid trend. Beware of choppy markets 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 Aug 23rd, 2019 at 0.21720000
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.15351321
The short-term trend has been UP since Nov 25th, 2020 at 0.15730697
Smart Scan Analysis for BRLEUR
Based on our trend formula, BRLEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).