Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Sidelines Mode (-55) - SGDCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been UP since Feb 3rd, 2021 at 4.91550
The intermediate-term trend has been DOWN since Feb 8th, 2021 at 4.84250
The short-term trend has been UP since Feb 19th, 2021 at 4.84735
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).