Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Crossroads (+60) - BRLSGD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for BRLSGD
The long-term trend has been DOWN since Aug 26th, 2019 at 0.33416000
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.24584569
The short-term trend has been UP since Dec 1st, 2020 at 0.25343802
Smart Scan Analysis for BRLSGD
Based on our trend formula, BRLSGD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).