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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Bull Market Weakness (+75) - BRLSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLSGD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BRLSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLSGD.
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 BRLSGD
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.27031716
The intermediate-term trend has been UP since May 6th, 2024 at 0.26673852
The short-term trend has been UP since May 3rd, 2024 at 0.26619488
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.26720031 | 0.26747128 | 0.26564251 | 0.26633831 | -0.00086200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.26720031 | 2024-05-08 16:06:20 |