Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
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.
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 DOWN since Jun 7th, 2022 at 4.85575
The short-term trend has been DOWN since Jun 7th, 2022 at 4.85575
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).