Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Weak Downtrend (-65) - SGDCNY is showing signs of a strengthening downtrend. Monitor SGDCNY as it may be building momentum to the downside.
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 Sep 1st, 2020 at 5.0150870
The intermediate-term trend has been UP since Feb 15th, 2021 at 4.8864865
The short-term trend has been DOWN since Feb 25th, 2021 at 4.8775088
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).