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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)

Strong Downtrend (-100) - CNYSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYSGD continues to fall. Traders should use caution and set stops.

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
0.20399418 0.20414939 0.20384693 0.20390909 -0.00008500
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

long term down The long-term trend has been DOWN since Apr 22nd, 2022 at 0.21047848

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2022 at 0.20617223

short term down The short-term trend has been DOWN since Jul 13th, 2022 at 0.20853777

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).

-100
Smart Scan Analysis for CNYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20399418 0.20414939 0.20384693 0.20390909 -0.00008500
Prev. Close Volume Bid Ask Time
0.20399418 2022-08-10 03:37:44
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