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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Singapore Dollar/Brazilian Real (FOREX:SGDBRL)

Sidelines Mode (+55) - SGDBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.7013299 3.7162965 3.6852219 3.7016694 +0.0003390
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 Jan 22nd, 2024 at 3.7177300

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 3.7276816

Smart Scan Analysis for SGDBRL

Based on our trend formula, SGDBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7013299 3.7162965 3.6852219 3.7016694 +0.0003390
Prev. Close Volume Bid Ask Time
3.7013299 2024-03-28 22:00:12
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