Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BRLSGD
The long term trend has been DOWN since Apr 26th, 2017 at 0.437870
The intermediate term trend has been DOWN since Aug 13th, 2018 at 0.354640
The short term trend has been DOWN since Aug 7th, 2018 at 0.363995
Smart Scan Analysis for BRLSGD
Based on a pre-defined weighted trend formula for chart analysis, BRLSGD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).