Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Bull Market Weakness (+75) - BRLSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLSGD as it may be in the beginning stages of a reversal.
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 Jul 1st, 2022 at 0.26288291
The intermediate-term trend has been UP since Jul 28th, 2022 at 0.26722982
The short-term trend has been UP since Aug 5th, 2022 at 0.26620445
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).