Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)
Long-Term Uptrend (+90) - CNYSGD is in a strong uptrend that is likely to continue. While CNYSGD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CNYSGD
The long-term trend has been UP since Sep 1st, 2020 at 0.19942653
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.20924272
The short-term trend has been UP since Oct 18th, 2021 at 0.20984859
Smart Scan Analysis for CNYSGD
Based on our trend formula, CNYSGD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).