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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Chinese Yuan Renminbi Offshore/Singapore Dollar (FOREX:CNHSGD)
Bear Market Rally (-75) - CNHSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHSGD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for CNHSGD
The long-term trend has been DOWN since Mar 5th, 2025 at 0.18379932
The intermediate-term trend has been DOWN since Feb 2nd, 2025 at 0.18516677
The short-term trend has been UP since May 8th, 2025 at 0.17950098
Smart Scan Analysis for CNHSGD
Based on our trend formula, CNHSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.17933511 | 0.17940107 | 0.17910551 | 0.17927223 | -0.00006300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.17933511 | 2025-05-09 07:10:04 |