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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
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.
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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 May 6th, 2024 at 3.7489918
The short-term trend has been UP since May 9th, 2024 at 3.7737976
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.8003237 | 3.8024735 | 3.7988712 | 3.8006752 | +0.0003520 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8003237 | 2024-05-10 04:24:40 |