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Forex Trend Analysis Report

Prepared for you on Tuesday, February 19, 2019.

Singapore Dollar/Brazilian Real (FOREX:SGDBRL)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_SGDBRL
Open High Low SGDBRL Price Change
2.74965 2.75650 2.73730 2.75295 +0.00330
Entry Signal

MarketClub’s Trade Triangles for SGDBRL

long term down The long term trend has been DOWN since Oct 8th, 2018 at 2.69635

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2019 at 2.79685

short term down The short term trend has been DOWN since Feb 15th, 2019 at 2.73170

Smart Scan Analysis for SGDBRL

Based on a pre-defined weighted trend formula for chart analysis, SGDBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.74965 2.75650 2.73730 2.75295 +0.00330
Prev. Close Volume Bid Ask Time
2.74965 2.75030 2.75560 2019-02-19 20:51:37
Want to analyze Singapore Dollar/Brazilian Real SGDBRL or another symbol? Try our Free Forex Trend Analysis Report.