Free Brazilian real With Euro (BRLEUR(Forex)) Technical Analysis Signals

Overal Signal
Neutral
Signals
Hold Neutral Hold Hold
Last Update / Period
19 May / Daily
Category/Currency
Forex/EUR
Exchange/Country
FX/--

Brazilian real With Euro (BRLEUR(Forex)) signal with technical analysis on 19 May

On 19 May, we conducted a comprehensive technical analysis of Brazilian real With Euro (BRLEUR(Forex)), considering 256 signals with intricate details. Here are the key findings: 76 signals suggested buy strategies, while 62 indicated sell strategies. The remaining 118 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 6
Sell Signals: 28
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 21
Sell Signals: 14
Neutral Signals: 29
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 24
Sell Signals: 10
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 25
Sell Signals: 10
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 76
Sell Signals: 62
Neutral Signals: 118
Result: This strategy leads to a Neutral position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Brazilian real With Euro (BRLEUR(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Second Support Level: 0.145
If the first support level is breached, the second support level at 0.145 becomes a critical point. Breaking this level would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 0.142
If the second support level is broken and the price continues to fall, it signals a significant market shift. Remaining below 0.142 would confirm a persistent downward trend, with traders likely targeting this third level as the next key support point.
These support levels should be considered carefully in the context of broader market trends and indicators. Staying alert and consistently analyzing the market will allow you to make informed decisions while trading Brazilian real With Euro (BRLEUR(Forex)). Paying attention to these support levels will help you adapt to the dynamic nature of the market and make smarter trading choices. Second Resistance Level: 0.166
If the upward trend continues with significant strength, we may see Brazilian real With Euro (BRLEUR(Forex)) cross the second resistance level at 0.166. This would indicate a major upside move and a promising direction for our position.

Third Resistance Level: 0.168
For a more comprehensive analysis, consider the possibility of Brazilian real With Euro (BRLEUR(Forex)) not only breaking the second resistance level but also holding its price above this mark. If this trend continues in the coming days, Brazilian real With Euro (BRLEUR(Forex)) could potentially reach the third resistance level at 0.168.
It's crucial to closely monitor these resistance levels and consider them in the context of broader market trends and indicators. To make informed decisions when trading Brazilian real With Euro (BRLEUR(Forex)), stay vigilant and continuously analyze the market. Focusing on these resistance levels, along with broader market dynamics, will help you make smarter trading decisions and adapt to the changing market conditions.

Brazilian real With Euro (BRLEUR(Forex)) technical analysis chart

Brazilian real With Euro (BRLEUR(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.162 0.166 0.168 0.169 0.183
Support 0.156 0.145 0.142 -- --
 Brazilian real With Euro (BRLEUR(Forex)) Support and Resistance area (19 May)  Brazilian real With Euro (BRLEUR(Forex)) Support and Resistance area (19 May)

Brazilian real With Euro (BRLEUR(Forex)) signals list for 19 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Brazilian real With Euro (BRLEUR(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 18 May Neutral HoldNeutralHoldHold
2 16 May Sell SellBuyHoldHold
3 15 May Hold NeutralNeutralHoldHold
4 14 May Hold HoldHoldHoldHold
5 13 May Hold HoldHoldHoldHold
6 12 May Hold HoldHoldHoldHold
7 11 May Hold HoldHoldHoldHold
8 09 May Hold HoldHoldHoldHold
9 08 May Buy BuyBuyBuyBuy
10 07 May Hold HoldHoldNeutralNeutral
11 06 May Sell HoldSellNeutralNeutral
12 05 May Sell SellHoldNeutralNeutral
13 04 May Neutral NeutralHoldHoldNeutral
14 02 May Buy HoldHoldHoldBuy
15 01 May Buy BuyHoldHoldNeutral
16 30 Apr Hold NeutralHoldHoldNeutral
17 29 Apr Buy HoldHoldBuyNeutral
18 28 Apr Neutral HoldHoldNeutralNeutral
19 27 Apr Neutral HoldHoldNeutralNeutral
20 25 Apr Neutral HoldHoldNeutralNeutral
21 24 Apr Sell HoldHoldNeutralSell
22 23 Apr Buy BuyBuyNeutralNeutral
23 17 Apr Hold NeutralNeutralHoldHold
24 16 Apr Sell SellHoldHoldHold
25 15 Apr Hold NeutralHoldHoldHold
26 14 Apr Hold HoldHoldHoldHold
27 13 Apr Hold HoldHoldHoldHold
28 11 Apr Hold HoldHoldHoldHold
29 10 Apr Sell SellHoldHoldHold
30 09 Apr Hold NeutralHoldHoldHold

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