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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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.

FOREX_SGDCNY
Open High Low SGDCNY Price Change
5.4105201 5.4110764 5.4021034 5.4035724 -0.0069480
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term down The long-term trend has been DOWN since Nov 1st, 2024 at 5.3702957

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 5.4371069

short term up The short-term trend has been UP since Nov 18th, 2024 at 5.3974947

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
5.4105201 5.4110764 5.4021034 5.4035724 -0.0069480
Prev. Close Volume Bid Ask Time
5.4105201 2024-11-20 03:39:13
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