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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.

FOREX_SGDCNH
Open High Low SGDCNH Price Change
4.82345 4.82345 4.82345 4.82345 0.00000
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term up The long-term trend has been UP since Apr 4th, 2022 at 4.73755

intermediate term down The intermediate-term trend has been DOWN since Jun 7th, 2022 at 4.85575

short term down 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).

-60
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.82345 4.82345 4.82345 4.82345 0.00000
Prev. Close Volume Bid Ask Time
4.82345 2022-06-27 12:35:36
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