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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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

Sidelines Mode (-55) - CNHSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.20565894 0.20590958 0.20544385 0.20566929 +0.00001000
Entry Signal

MarketClub’s Trade Triangles for CNHSGD

long term up The long-term trend has been UP since Aug 30th, 2020 at 0.19804694

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2021 at 0.20485120

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.20498804

Smart Scan Analysis for CNHSGD

Based on our trend formula, CNHSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNHSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20565894 0.20590958 0.20544385 0.20566929 +0.00001000
Prev. Close Volume Bid Ask Time
0.20565894 2021-03-01 06:12:33
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