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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.

FOREX_SGDBRL
Open High Low SGDBRL Price Change
3.6692590 3.6800420 3.5463679 3.5607724 -0.1084870
Entry Signal

MarketClub’s Trade Triangles for SGDBRL

long term up The long-term trend has been UP since Aug 26th, 2019 at 2.9926000

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2020 at 3.8663055

short term down 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).

-70
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6692590 3.6800420 3.5463679 3.5607724 -0.1084870
Prev. Close Volume Bid Ask Time
3.6692590 3.5582276 3.5633171 2020-06-05 17:05:36
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