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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)

Long-Term Downtrend (-90) - SGDCNY is in a strong downtrend that is likely to continue. While SGDCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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FOREX_SGDCNY
Open High Low SGDCNY Price Change
5.2754080 5.2779215 5.2536219 5.2661767 -0.0092310
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 5.2611793

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 5.2774574

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 5.2777635

Smart Scan Analysis for SGDCNY

Based on our trend formula, SGDCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2754080 5.2779215 5.2536219 5.2661767 -0.0092310
Prev. Close Volume Bid Ask Time
5.2754080 2024-03-28 17:07:57
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