Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)
Countertrend Up (+85) - CNYSGD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Dec 25th, 2019 at 0.19601000
The intermediate-term trend has been UP since Mar 3rd, 2020 at 0.20015046
The short-term trend has been UP since Apr 1st, 2020 at 0.20167961
Smart Scan Analysis for CNYSGD
Based on our trend formula, CNYSGD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).