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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

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

Bear Market Rally (-75) - SGDCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDCNH as it may be in the beginning of a reversal.

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
4.9925 4.9925 4.9925 4.9925 0.0000
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term down The long-term trend has been DOWN since Jan 10th, 2020 at 5.1300

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2020 at 5.1612

short term up The short-term trend has been UP since Mar 31st, 2020 at 4.9275

Smart Scan Analysis for SGDCNH

Based on our trend formula, SGDCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9925 4.9925 4.9925 4.9925 0.0000
Prev. Close Volume Bid Ask Time
4.9925 4.9890 4.9960 2020-03-31 17:32:10
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