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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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
4.8591703 4.8660561 4.8533225 4.8660561 +0.0068860
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 5.0150870

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2021 at 4.8864865

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 4.8775088

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
4.8591703 4.8660561 4.8533225 4.8660561 +0.0068860
Prev. Close Volume Bid Ask Time
4.8591703 2021-03-01 12:01:49
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