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.
MarketClub’s Trade Triangles for SGDBRL
The long term trend has been UP since Aug 26th, 2019 at 2.9926000
The intermediate term trend has been UP since Nov 8th, 2019 at 3.0620477
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).