Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Singapore Dollar/Brazilian Real (FOREX:SGDBRL)
Strong Uptrend (+100) - SGDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for SGDBRL
The long-term trend has been UP since Sep 30th, 2021 at 4.0154234
The intermediate-term trend has been UP since Sep 20th, 2021 at 3.9687379
The short-term trend has been UP since Oct 18th, 2021 at 4.1005062
Smart Scan Analysis for SGDBRL
Based on our trend formula, SGDBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).