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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

Singapore Dollar/Brazilian Real (FOREX:SGDBRL)

Countertrend Up (+85) - SGDBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3.9865684 4.0253271 3.9832823 4.0240861 +0.0375180
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 up The intermediate-term trend has been UP since May 15th, 2024 at 3.8274099

short term down The short-term trend has been DOWN since Jun 24th, 2024 at 3.9820403

Smart Scan Analysis for SGDBRL

Based on our trend formula, SGDBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9865684 4.0253271 3.9832823 4.0240861 +0.0375180
Prev. Close Volume Bid Ask Time
3.9865684 2024-06-25 15:28:17
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