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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
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.
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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 UP since Jan 7th, 2025 at 0.22423730
The short-term trend has been UP since Jan 28th, 2025 at 0.22968964
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23483985 | 0.23496180 | 0.23480053 | 0.23480053 | -0.00003900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23483985 | 2025-02-05 01:01:40 |