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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

Singapore Dollar/Brazilian Real (FOREX:SGDBRL)

Long-Term Uptrend (+90) - SGDBRL is in a strong uptrend that is likely to continue. While SGDBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
3.6805935 3.6805935 3.6692216 3.6692216 -0.0113720
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 Nov 27th, 2023 at 3.6672625

short term up The short-term trend has been UP since Nov 17th, 2023 at 3.6253688

Smart Scan Analysis for SGDBRL

Based on our trend formula, SGDBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6805935 3.6805935 3.6692216 3.6692216 -0.0113720
Prev. Close Volume Bid Ask Time
3.6805935 2023-11-30 06:35:33
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