Forex Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Crossroads (-60) - SGDCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Apr 22nd, 2022 at 4.7430284
The intermediate-term trend has been DOWN since Jun 6th, 2022 at 4.8344551
The short-term trend has been DOWN since Jun 23rd, 2022 at 4.8167511
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).