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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Strong Downtrend (-100) - SGDCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGDCNY continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDCNY
The long-term trend has been DOWN since Mar 28th, 2024 at 5.2611793
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 5.2774574
The short-term trend has been DOWN since Apr 10th, 2024 at 5.2508713
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.2129170 | 5.2192904 | 5.2076111 | 5.2146218 | +0.0017050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.2129170 | 2024-04-23 18:41:26 |