Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
Singapore Dollar/Brazilian Real (FOREX:SGDBRL)
Weak Downtrend (-65) - SGDBRL is showing signs of a strengthening downtrend. Monitor SGDBRL as it may be building momentum to the downside.
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 Aug 26th, 2019 at 2.9926000
The intermediate-term trend has been DOWN since May 25th, 2020 at 3.8663055
The short-term trend has been DOWN since Jun 3rd, 2020 at 3.7123127
Smart Scan Analysis for SGDBRL
Based on our trend formula, SGDBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).