Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Countertrend Down (-85) - BRLSGD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for BRLSGD
The long-term trend has been DOWN since Mar 1st, 2021 at 0.23763154
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.25454934
The short-term trend has been UP since Mar 4th, 2021 at 0.23910429
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).