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.
|
|||||||||||||||
|
|||||||||||||||
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 UP since Dec 18th, 2024 at 0.18607667
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).
| 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 |