Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
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 UP since Mar 8th, 2023 at 0.26414547
The intermediate-term trend has been UP since Aug 30th, 2023 at 0.27885855
The short-term trend has been DOWN since Sep 21st, 2023 at 0.27980098
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).