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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
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.
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MarketClub’s Trade Triangles for CNYSGD
The long-term trend has been UP since Apr 12th, 2024 at 0.19130571
The intermediate-term trend has been UP since Mar 18th, 2024 at 0.19070502
The short-term trend has been DOWN since Apr 17th, 2024 at 0.18783795
Smart Scan Analysis for CNYSGD
Based on our trend formula, CNYSGD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19188993 | 0.19188993 | 0.19188993 | 0.19188993 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19188993 | 2024-04-20 01:08:56 |