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Forex Trend Analysis Report
Prepared for you on Tuesday, December 10, 2024.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Long-Term Downtrend (-90) - BRLSGD is in a strong downtrend that is likely to continue. While BRLSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLSGD.
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 BRLSGD
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.27031716
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.22573650
The short-term trend has been DOWN since Nov 25th, 2024 at 0.23056350
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22048158 | 0.22262903 | 0.21952324 | 0.22155840 | +0.00107700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22048158 | 2024-12-10 09:07:45 |