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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2025.

Singapore Dollar/Brazilian Real (FOREX:SGDBRL)

Sidelines Mode (-55) - SGDBRL 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 SGDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDBRL
Open High Low SGDBRL Price Change
4.4522780 4.4746377 4.4382497 4.4618700 +0.0095920
Entry Signal

MarketClub’s Trade Triangles for SGDBRL

long term up The long-term trend has been UP since Oct 3rd, 2023 at 3.6993603

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2025 at 4.4595685

short term up The short-term trend has been UP since Jan 17th, 2025 at 4.4838877

Smart Scan Analysis for SGDBRL

Based on our trend formula, SGDBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4522780 4.4746377 4.4382497 4.4618700 +0.0095920
Prev. Close Volume Bid Ask Time
4.4522780 2025-01-20 09:41:53
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