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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
Chinese Yuan Renminbi Offshore/Singapore Dollar (FOREX:CNHSGD)
Sidelines Mode (-55) - CNHSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CNHSGD
The long-term trend has been UP since Nov 1st, 2024 at 0.18634995
The intermediate-term trend has been DOWN since Dec 3rd, 2024 at 0.18405904
The short-term trend has been UP since Dec 2nd, 2024 at 0.18533707
Smart Scan Analysis for CNHSGD
Based on our trend formula, CNHSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18435379 | 0.18441496 | 0.18424725 | 0.18429767 | -0.00005600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18435379 | 2024-12-06 02:33:13 |