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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)

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

Is it time to buy, sell, or avoid CNYSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYSGD
Open High Low CNYSGD Price Change
0.18483133 0.18518939 0.18478471 0.18515506 +0.00032400
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

long term up The long-term trend has been UP since Oct 30th, 2024 at 0.18844823

intermediate term up The intermediate-term trend has been UP since Oct 3rd, 2024 at 0.18441281

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.18525168

Smart Scan Analysis for CNYSGD

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

+65
Smart Scan Analysis for CNYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18483133 0.18518939 0.18478471 0.18515506 +0.00032400
Prev. Close Volume Bid Ask Time
0.18483133 2024-11-20 03:48:30
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