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Forex Trend Analysis Report

Prepared for you on Saturday, June 25, 2022.

Singapore Dollar/Brazilian Real (FOREX:SGDBRL)

Crossroads (+60) - SGDBRL 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 SGDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDBRL
Open High Low SGDBRL Price Change
3.7725851 3.7978432 3.7517779 3.7834290 +0.0108440
Entry Signal

MarketClub’s Trade Triangles for SGDBRL

long term down The long-term trend has been DOWN since Jan 31st, 2022 at 3.9481876

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 3.6108921

short term up The short-term trend has been UP since Jun 1st, 2022 at 3.4931591

Smart Scan Analysis for SGDBRL

Based on our trend formula, SGDBRL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7725851 3.7978432 3.7517779 3.7834290 +0.0108440
Prev. Close Volume Bid Ask Time
3.7725851 2022-06-24 17:03:23
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