Forex Trend Analysis Report
Prepared for you on Wednesday, July 28, 2021.
Chinese Yuan Renminbi Offshore/Singapore Dollar (FOREX:CNHSGD)
Weak Uptrend (+65) - CNHSGD is showing signs of weakening momentum to the upside. Monitor CNHSGD as it may be in the beginning stages of a reversal.
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 Aug 30th, 2020 at 0.19804694
The intermediate-term trend has been UP since Apr 29th, 2021 at 0.20517232
The short-term trend has been DOWN since Jul 26th, 2021 at 0.20962106
Smart Scan Analysis for CNHSGD
Based on our trend formula, CNHSGD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).