Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Singapore Dollar/Brazilian Real (FOREX:SGDBRL)
Bull Market Weakness (+75) - SGDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDBRL as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for SGDBRL
The long-term trend has been UP since Oct 3rd, 2023 at 3.6993603
The intermediate-term trend has been UP since Nov 27th, 2023 at 3.6672625
The short-term trend has been DOWN since Dec 6th, 2023 at 3.6511353
Smart Scan Analysis for SGDBRL
Based on our trend formula, SGDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).