Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Long-Term Downtrend (-90) - SGDCNH is in a strong downtrend that is likely to continue. While SGDCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been DOWN since Apr 19th, 2024 at 5.35535
The intermediate-term trend has been DOWN since Apr 19th, 2024 at 5.37865
The short-term trend has been DOWN since Apr 19th, 2024 at 5.37865
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.32525 | 5.32525 | 5.32525 | 5.32525 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.32525 | 2024-05-08 15:04:20 |