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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)

Crossroads (-60) - CNYSGD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_CNYSGD
Open High Low CNYSGD Price Change
0.19025386 0.19033939 0.18615773 0.18617667 -0.00407700
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

long term down The long-term trend has been DOWN since Dec 24th, 2023 at 0.18465711

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 0.19070502

short term up The short-term trend has been UP since Mar 13th, 2024 at 0.19037726

Smart Scan Analysis for CNYSGD

Based on our trend formula, CNYSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19025386 0.19033939 0.18615773 0.18617667 -0.00407700
Prev. Close Volume Bid Ask Time
0.19025386 2024-03-19 00:02:53
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