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.
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 Mar 28th, 2024 at 5.2611793
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 5.2774574
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).
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 |