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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

Chinese Renminbi Yuan/Singapore Dollar (FOREX:CNYSGD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_CNYSGD
Open High Low CNYSGD Price Change
0.198640 0.198655 0.198570 0.198610 -0.000030
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

long term down The long term trend has been DOWN since Jun 26th, 2018 at 0.20699

intermediate term up The intermediate term trend has been UP since Oct 7th, 2018 at 0.20152

short term up The short term trend has been UP since Oct 21st, 2018 at 0.19927

Smart Scan Analysis for CNYSGD

Based on a pre-defined weighted trend formula for chart analysis, CNYSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CNYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.198640 0.198655 0.198570 0.198610 -0.000030
Prev. Close Volume Bid Ask Time
0.198590 0.198600 0.198620 2018-10-24 00:34:27
Want to analyze Chinese Renminbi Yuan/Singapore Dollar CNYSGD or another symbol? Try our Free Forex Trend Analysis Report.