Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)

Countertrend Up (+85) - CNYSGD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CNYSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	CNYSGD Price	Change
0.19123262	0.19140717	0.18751298	0.19132323	+0.00009100
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

The long-term trend has been UP since Apr 12th, 2024 at 0.19130571

The intermediate-term trend has been UP since Mar 18th, 2024 at 0.19070502

The short-term trend has been DOWN since May 2nd, 2024 at 0.18752243

Smart Scan Analysis for CNYSGD

Based on our trend formula, CNYSGD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.19123262	0.19140717	0.18751298	0.19132323	+0.00009100
Prev. Close	Volume	Bid	Ask	Time
0.19123262				2024-05-09 02:42:33

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