Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Brazilian Real (FOREX:SGDBRL)
Weak Downtrend (-65) - SGDBRL is showing signs of a strengthening downtrend. Monitor SGDBRL as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SGDBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDBRL.
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 SGDBRL
The long-term trend has been UP since Oct 3rd, 2023 at 3.6993603
The intermediate-term trend has been DOWN since May 6th, 2024 at 3.7489918
The short-term trend has been DOWN since May 3rd, 2024 at 3.7554390
Smart Scan Analysis for SGDBRL
Based on our trend formula, SGDBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7532441 | 3.7532441 | 3.7516443 | 3.7522148 | -0.0010290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.7532441 | 2024-05-09 07:20:50 |
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