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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Sidelines Mode (-50) - SGDCNH is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SGDCNH can gain 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.
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MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been UP since Feb 21st, 2025 at 5.4347258
The intermediate-term trend has been DOWN since May 12th, 2025 at 5.5335948
The short-term trend has been DOWN since May 28th, 2025 at 5.5720953
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.5779333 | 5.5871008 | 5.5730449 | 5.5774122 | -0.0005210 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.5779333 | 2025-05-30 20:24:57 |