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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)

Strong Uptrend (+100) - SGDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_SGDCNY
Open High Low SGDCNY Price Change
5.3252607 5.3338374 5.3024888 5.3157195 -0.0095410
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term up The long-term trend has been UP since Dec 8th, 2023 at 5.3308764

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 5.2668774

short term up The short-term trend has been UP since Dec 6th, 2023 at 5.3113971

Smart Scan Analysis for SGDCNY

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

+100
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3252607 5.3338374 5.3024888 5.3157195 -0.0095410
Prev. Close Volume Bid Ask Time
5.3252607 2023-12-08 16:58:20
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