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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.

FOREX_BRLSGD
Open High Low BRLSGD Price Change
0.24693146 0.24710580 0.24663159 0.24669276 -0.00023900
Entry Signal

MarketClub’s Trade Triangles for BRLSGD

long term down The long-term trend has been DOWN since Aug 26th, 2019 at 0.33416000

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2020 at 0.24584569

short term down 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).

-55
Smart Scan Analysis for BRLSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24693146 0.24710580 0.24663159 0.24669276 -0.00023900
Prev. Close Volume Bid Ask Time
0.24693146 2020-11-24 04:33:43
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