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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Singapore Dollar (FOREX:CNYSGD)
Bear Market Rally (-75) - CNYSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYSGD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for CNYSGD
The long-term trend has been DOWN since Jul 7th, 2024 at 0.18506010
The intermediate-term trend has been DOWN since Jul 17th, 2024 at 0.18446106
The short-term trend has been UP since Jul 25th, 2024 at 0.18519007
Smart Scan Analysis for CNYSGD
Based on our trend formula, CNYSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18531583 | 0.18545548 | 0.18501425 | 0.18518786 | -0.00012800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18531583 | 2024-07-26 17:04:33 |