Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Brazilian Real/Singapore Dollar (FOREX:BRLSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BRLSGD
The long term trend has been UP since Oct 8th, 2018 at 0.370870
The intermediate term trend has been DOWN since Mar 1st, 2019 at 0.358255
The short term trend has been DOWN since Mar 21st, 2019 at 0.353755
Smart Scan Analysis for BRLSGD
Based on a pre-defined weighted trend formula for chart analysis, BRLSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).