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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

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

Weak Uptrend (+65) - CNHSGD is showing signs of weakening momentum to the upside. Monitor CNHSGD as it may be in the beginning stages 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.

FOREX_CNHSGD
Open High Low CNHSGD Price Change
0.18589127 0.18591423 0.18561632 0.18576597 -0.00012500
Entry Signal

MarketClub’s Trade Triangles for CNHSGD

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.18721450

intermediate term up The intermediate-term trend has been UP since Jun 9th, 2024 at 0.18668802

short term down The short-term trend has been DOWN since Jun 19th, 2024 at 0.18556063

Smart Scan Analysis for CNHSGD

Based on our trend formula, CNHSGD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNHSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18589127 0.18591423 0.18561632 0.18576597 -0.00012500
Prev. Close Volume Bid Ask Time
0.18589127 2024-06-24 16:23:13
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