Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Sidelines Mode (-55) - BRLSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Aug 26th, 2019 at 0.33416000
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.24584569
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.24899985
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).