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Forex Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)
Strong Uptrend (+100) - CNYSGD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYSGD 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 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.
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MarketClub’s Trade Triangles for CNYSGD
The long-term trend has been UP since Sep 28th, 2023 at 0.19095583
The intermediate-term trend has been UP since Aug 31st, 2023 at 0.18913015
The short-term trend has been UP since Oct 3rd, 2023 at 0.18926860
Smart Scan Analysis for CNYSGD
Based on our trend formula, CNYSGD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19106307 | 0.19109086 | 0.18776688 | 0.19091376 | -0.00014900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19106307 | 2023-10-04 01:50:54 |