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Forex Trend Analysis Report

Prepared for you on Saturday, June 25, 2022.

Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)

Crossroads (-60) - SGDCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
4.8206296 4.8269969 4.8192013 4.8269969 +0.0063670
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term up The long-term trend has been UP since Apr 22nd, 2022 at 4.7430284

intermediate term down The intermediate-term trend has been DOWN since Jun 6th, 2022 at 4.8344551

short term down The short-term trend has been DOWN since Jun 23rd, 2022 at 4.8167511

Smart Scan Analysis for SGDCNY

Based on our trend formula, SGDCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8206296 4.8269969 4.8192013 4.8269969 +0.0063670
Prev. Close Volume Bid Ask Time
4.8206296 2022-06-24 16:07:26
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