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.
MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been DOWN since Jan 10th, 2020 at 5.1300
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 5.1612
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).