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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2019.

Singapore Dollar/Brazilian Real (FOREX:SGDBRL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
3.0770965 3.0797594 3.0616652 3.0733532 -0.0037430
Entry Signal

MarketClub’s Trade Triangles for SGDBRL

long term up The long term trend has been UP since Aug 26th, 2019 at 2.9926000

intermediate term up The intermediate term trend has been UP since Nov 8th, 2019 at 3.0620477

short term down The short term trend has been DOWN since Nov 22nd, 2019 at 3.0733411

Smart Scan Analysis for SGDBRL

Based on a pre-defined weighted trend formula for chart analysis, SGDBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for SGDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0770965 3.0797594 3.0616652 3.0733532 -0.0037430
Prev. Close Volume Bid Ask Time
3.0770965 3.0706936 3.0760127 2019-11-22 16:28:57
Want to analyze Singapore Dollar/Brazilian Real SGDBRL or another symbol? Try our Free Forex Trend Analysis Report.