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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Bull Market Weakness (+75) - SGDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDCNY as it may be in the beginning stages of a reversal.
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.
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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 Mar 10th, 2023 at 5.1130666
The short-term trend has been UP since Mar 17th, 2023 at 5.1359064
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.1342698 | 5.1442163 | 5.1282015 | 5.1415165 | +0.0072470 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.1342698 | 2023-03-20 19:41:32 |