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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)

Sidelines Mode (+55) - CNYSGD 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 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
0.19033248 0.19041053 0.18591109 0.19029541 -0.00003700
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.19130571

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.18595650

short term up The short-term trend has been UP since May 14th, 2024 at 0.19113296

Smart Scan Analysis for CNYSGD

Based on our trend formula, CNYSGD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19033248 0.19041053 0.18591109 0.19029541 -0.00003700
Prev. Close Volume Bid Ask Time
0.19033248 2024-05-20 01:19:24
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