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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)

Weak Uptrend (+65) - SGDCNY is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_SGDCNY
Open High Low SGDCNY Price Change
5.2528812 5.2542204 5.2515233 5.2542204 +0.0013390
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 5.3358672

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 5.2438685

short term down The short-term trend has been DOWN since Jun 16th, 2024 at 5.2526425

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).

+65
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2528812 5.2542204 5.2515233 5.2542204 +0.0013390
Prev. Close Volume Bid Ask Time
5.2528812 2024-06-16 19:01:49
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