Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)

Weak Downtrend (-65) - SGDCNH is showing signs of a strengthening downtrend. Monitor SGDCNH as it may be building momentum to the downside.

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.

FOREX_SGDCNH
Open High Low SGDCNH Price Change
5.4112185 5.4113639 5.4036069 5.4044928 -0.0067260
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term down The long-term trend has been DOWN since Nov 3rd, 2024 at 5.3681042

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 5.4266143

short term up The short-term trend has been UP since Nov 18th, 2024 at 5.3988016

Smart Scan Analysis for SGDCNH

Based on our trend formula, SGDCNH is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4112185 5.4113639 5.4036069 5.4044928 -0.0067260
Prev. Close Volume Bid Ask Time
5.4112185 2024-11-20 03:24:27
Get a free daily analysis and signals for Singapore Dollar/Chinese Yuan Renminbi Offshore (SGDCNH) - Request Your Free Report.