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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 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.

FOREX_BRLEUR
Open High Low BRLEUR Price Change
0.1794 0.1794 0.1777 0.1778 -0.0016
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 down The short-term trend has been DOWN since May 22nd, 2024 at 0.1796000

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).

-100
Smart Scan Analysis for BRLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1794 0.1794 0.1777 0.1778 -0.0016
Prev. Close Volume Bid Ask Time
0.1794 2024-05-27 21:58:30
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