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.
MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been DOWN since May 3rd, 2021 at 4.83300
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 4.78780
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).