Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Chinese Yuan Renminbi Offshore/Singapore Dollar (FOREX:CNHSGD)

Countertrend Up (+85) - CNHSGD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CNHSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHSGD
Open High Low CNHSGD Price Change
0.18581545 0.18618518 0.18575623 0.18606120 +0.00024600
Entry Signal

MarketClub’s Trade Triangles for CNHSGD

long term up The long-term trend has been UP since Nov 1st, 2024 at 0.18634995

intermediate term up The intermediate-term trend has been UP since Dec 18th, 2024 at 0.18607667

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 0.18532968

Smart Scan Analysis for CNHSGD

Based on our trend formula, CNHSGD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNHSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18581545 0.18618518 0.18575623 0.18606120 +0.00024600
Prev. Close Volume Bid Ask Time
0.18581545 2024-12-26 07:49:50
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Singapore Dollar (CNHSGD) - Request Your Free Report.