Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Strong Uptrend (+100) - SGDCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 May 4th, 2020 at 5.0354
The intermediate-term trend has been UP since Jul 30th, 2020 at 5.0770
The short-term trend has been UP since Jul 22nd, 2020 at 5.0315
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).