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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

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

Countertrend Down (-85) - SGDCNH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
4.77230 4.77230 4.76915 4.76915 -0.00315
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term down The long-term trend has been DOWN since May 3rd, 2021 at 4.83300

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 4.78780

short term up The short-term trend has been UP since Oct 14th, 2021 at 4.75925

Smart Scan Analysis for SGDCNH

Based on our trend formula, SGDCNH is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.77230 4.77230 4.76915 4.76915 -0.00315
Prev. Close Volume Bid Ask Time
4.77230 2021-10-18 20:59:57
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