Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Chinese Yuan Renminbi Offshore/Singapore Dollar (FOREX:CNHSGD)
Strong Uptrend (+100) - CNHSGD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHSGD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 2nd, 2023 at 0.18773537
The intermediate-term trend has been UP since Nov 20th, 2023 at 0.18703466
The short-term trend has been UP since Nov 30th, 2023 at 0.18704947
Smart Scan Analysis for CNHSGD
Based on our trend formula, CNHSGD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).