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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

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.

FOREX_CNYSGD
Open High Low CNYSGD Price Change
0.20534773 0.20600847 0.20515819 0.20567435 +0.00032700
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

long term up The long-term trend has been UP since Sep 1st, 2020 at 0.19942653

intermediate term down The intermediate-term trend has been DOWN since Feb 18th, 2021 at 0.20439917

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.20509450

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).

+65
Smart Scan Analysis for CNYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20534773 0.20600847 0.20515819 0.20567435 +0.00032700
Prev. Close Volume Bid Ask Time
0.20534773 2021-02-26 17:12:08
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