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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for SGDBRL
The long-term trend has been UP since Oct 3rd, 2023 at 3.6993603
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 4.2559262
The short-term trend has been DOWN since Nov 18th, 2024 at 4.2927631
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.3138026 | 4.3139090 | 4.3068890 | 4.3068890 | -0.0069140 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.3138026 | 2024-11-20 03:22:11 |