Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Singapore Dollar/Brazilian Real (FOREX:SGDBRL)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 SGDBRL
The long term trend has been DOWN since Oct 8th, 2018 at 2.69635
The intermediate term trend has been UP since Nov 7th, 2018 at 2.74860
The short term trend has been UP since Dec 4th, 2018 at 2.83195
Smart Scan Analysis for SGDBRL
Based on a pre-defined weighted trend formula for chart analysis, SGDBRL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).