Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 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.

FOREX_BRLSGD
Open High Low BRLSGD Price Change
0.26659323 0.26718782 0.26453051 0.26586857 -0.00072500
Entry Signal

MarketClub’s Trade Triangles for BRLSGD

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 0.27031716

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2024 at 0.26898149

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 0.26599178

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).

-90
Smart Scan Analysis for BRLSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26659323 0.26718782 0.26453051 0.26586857 -0.00072500
Prev. Close Volume Bid Ask Time
0.26659323 2024-04-12 15:53:29
Get a free daily analysis and signals for Brazilian Real/Singapore Dollar (BRLSGD) - Request Your Free Report.