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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Crossroads (+60) - SGDCNH is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been UP since Jul 3rd, 2024 at 5.3966783
The intermediate-term trend has been DOWN since Jul 25th, 2024 at 5.3764549
The short-term trend has been DOWN since Jul 16th, 2024 at 5.4122135
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.4010804 | 5.4168710 | 5.3996909 | 5.4168710 | +0.0157910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.4010804 | 2024-07-26 20:20:01 |