Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Sidelines Mode (+50) - BRLSGD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BRLSGD can gain momentum.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for BRLSGD
The long-term trend has been DOWN since Aug 26th, 2019 at 0.33416000
The intermediate-term trend has been UP since Feb 5th, 2020 at 0.32703362
The short-term trend has been UP since Feb 14th, 2020 at 0.32272809
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).