Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Countertrend Up (+85) - SGDCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Apr 4th, 2022 at 4.73755
The intermediate-term trend has been UP since Mar 28th, 2023 at 5.16575
The short-term trend has been UP since Mar 28th, 2023 at 5.14865
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).