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.

Open	High	Low	CNHSGD Price	Change
0.20565894	0.20590958	0.20544385	0.20566929	+0.00001000
Entry Signal

MarketClub’s Trade Triangles for CNHSGD

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

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

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

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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