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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Chinese Yuan Renminbi Offshore/Singapore Dollar (FOREX:CNHSGD)

Long-Term Downtrend (-90) - CNHSGD is in a strong downtrend that is likely to continue. While CNHSGD 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 CNHSGD?

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

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

FOREX_CNHSGD
Open High Low CNHSGD Price Change
0.20266881 0.20293142 0.20234480 0.20281493 +0.00014600
Entry Signal

MarketClub’s Trade Triangles for CNHSGD

long term down The long-term trend has been DOWN since Apr 21st, 2022 at 0.21064851

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2022 at 0.20665163

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 0.20360664

Smart Scan Analysis for CNHSGD

Based on our trend formula, CNHSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNHSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20266881 0.20293142 0.20234480 0.20281493 +0.00014600
Prev. Close Volume Bid Ask Time
0.20266881 2022-08-16 06:39:01
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