Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Strong Uptrend (+100) - SGDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Dec 8th, 2023 at 5.3308764
The intermediate-term trend has been UP since Nov 3rd, 2023 at 5.2668774
The short-term trend has been UP since Dec 6th, 2023 at 5.3113971
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).