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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Long-Term Uptrend (+90) - SGDCNH is in a strong uptrend that is likely to continue. While SGDCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SGDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCNH.
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 SGDCNH
The long-term trend has been UP since Feb 21st, 2025 at 5.4347258
The intermediate-term trend has been UP since Jan 27th, 2025 at 5.3982217
The short-term trend has been UP since Feb 11th, 2025 at 5.4036355
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.4332642 | 5.4332642 | 5.4331518 | 5.4331518 | -0.0001120 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.4332642 | 2025-02-22 02:58:22 |