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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

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

Countertrend Up (+85) - SGDCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
5.17105 5.17105 5.17105 5.17105 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 up The intermediate-term trend has been UP since Mar 28th, 2023 at 5.16575

short term up The short-term trend has been UP since Mar 28th, 2023 at 5.14865

Smart Scan Analysis for SGDCNH

Based on our trend formula, SGDCNH is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.17105 5.17105 5.17105 5.17105 0.00000
Prev. Close Volume Bid Ask Time
5.17945 2023-03-28 11:23:24
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