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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Singapore Dollar (FOREX:CNHSGD)
Sidelines Mode (+50) - CNHSGD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNHSGD can gain 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.
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MarketClub’s Trade Triangles for CNHSGD
The long-term trend has been DOWN since Jul 3rd, 2024 at 0.18529226
The intermediate-term trend has been UP since Jul 25th, 2024 at 0.18599131
The short-term trend has been UP since Jul 19th, 2024 at 0.18481728
Smart Scan Analysis for CNHSGD
Based on our trend formula, CNHSGD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18515430 | 0.18521188 | 0.18477987 | 0.18477987 | -0.00037400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18515430 | 2024-07-26 17:00:03 |