Free Daily Analysis

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.

FOREX_SGDCNH
Open High Low SGDCNH Price Change
5.0955 5.0955 5.0955 5.0955 0.0000
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term up The long-term trend has been UP since May 4th, 2020 at 5.0354

intermediate term up The intermediate-term trend has been UP since Jul 30th, 2020 at 5.0770

short term up 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).

+100
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0955 5.0955 5.0955 5.0955 0.0000
Prev. Close Volume Bid Ask Time
5.0955 5.0940 5.0970 2020-07-30 11:43:19
Get a free daily analysis and signals for Singapore Dollar/Chinese Yuan Renminbi Offshore (SGDCNH) - Request Your Free Report.