Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 Oct 3rd, 2023 at 0.27031716
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.22573650
The short-term trend has been UP since Nov 18th, 2024 at 0.23295054
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23181439 | 0.23220287 | 0.23180867 | 0.23220287 | +0.00038800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23181439 | 2024-11-20 03:35:05 |