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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
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.
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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 DOWN since Jan 7th, 2025 at 4.4595685
The short-term trend has been DOWN since Jan 28th, 2025 at 4.3537076
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.2652407 | 4.3305997 | 4.2537640 | 4.2580149 | -0.0072260 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.2652407 | 2025-02-04 23:44:16 |