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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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

Sidelines Mode (-55) - SGDCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
4.89435 4.89435 4.89020 4.89020 -0.00415
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term up The long-term trend has been UP since Feb 3rd, 2021 at 4.91550

intermediate term down The intermediate-term trend has been DOWN since Feb 8th, 2021 at 4.84250

short term up The short-term trend has been UP since Feb 19th, 2021 at 4.84735

Smart Scan Analysis for SGDCNH

Based on our trend formula, SGDCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.89435 4.89435 4.89020 4.89020 -0.00415
Prev. Close Volume Bid Ask Time
4.89435 2021-02-24 21:01:47
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