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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Countertrend Down (-85) - SGDCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for SGDCNY
The long-term trend has been DOWN since Nov 1st, 2024 at 5.3702957
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 5.3598200
The short-term trend has been UP since Dec 25th, 2024 at 5.3906977
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3737618 | 5.3768890 | 5.3650864 | 5.3671128 | -0.0066490 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3737618 | 2024-12-26 10:56:23 |