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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

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

Strong Uptrend (+100) - CNHSGD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHSGD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.20392546 0.20443396 0.20390263 0.20428090 +0.00035500
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 up The intermediate-term trend has been UP since Aug 30th, 2020 at 0.19804694

short term up The short-term trend has been UP since Dec 1st, 2020 at 0.20399491

Smart Scan Analysis for CNHSGD

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

+100
Smart Scan Analysis for CNHSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20392546 0.20443396 0.20390263 0.20428090 +0.00035500
Prev. Close Volume Bid Ask Time
0.20392546 2020-12-01 19:46:31
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