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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)

Strong Downtrend (-100) - SGDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGDCNH continues to fall. Traders should use caution 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.

FOREX_SGDCNH
Open High Low SGDCNH Price Change
5.32475 5.32475 5.32475 5.32475 0.00000
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term down The long-term trend has been DOWN since Apr 19th, 2024 at 5.35535

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 5.37865

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 5.37865

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
5.32475 5.32475 5.32475 5.32475 0.00000
Prev. Close Volume Bid Ask Time
5.32475 2024-04-22 14:53:41
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