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.
MarketClub’s Trade Triangles for CNYSGD
The long-term trend has been DOWN since Apr 22nd, 2022 at 0.21047848
The intermediate-term trend has been DOWN since Jul 19th, 2022 at 0.20617223
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).