Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
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.
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 Aug 19th, 2020 at 0.19791851
The short-term trend has been DOWN since Nov 20th, 2020 at 0.20413017
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).