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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.

FOREX_SGDBRL
Open High Low SGDBRL Price Change
4.0420528 4.1034432 4.0382662 4.0955888 +0.0535360
Entry Signal

MarketClub’s Trade Triangles for SGDBRL

long term up The long-term trend has been UP since Sep 30th, 2021 at 4.0154234

intermediate term up The intermediate-term trend has been UP since Sep 20th, 2021 at 3.9687379

short term up 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).

+100
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0420528 4.1034432 4.0382662 4.0955888 +0.0535360
Prev. Close Volume Bid Ask Time
4.0420528 2021-10-18 23:16:00
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