Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Long-Term Downtrend (-90) - BRLSGD is in a strong downtrend that is likely to continue. While BRLSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Sep 30th, 2021 at 0.24903984
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.25196937
The short-term trend has been DOWN since Oct 18th, 2021 at 0.24393564
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).