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.
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).