Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Bear Market Rally (-75) - SGDCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDCNY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SGDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDCNY
The long-term trend has been DOWN since Dec 25th, 2019 at 5.1020000
The intermediate-term trend has been DOWN since Jan 19th, 2020 at 5.0871472
The short-term trend has been DOWN since Apr 1st, 2020 at 4.9583595
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).