Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
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.
MarketClub’s Trade Triangles for CNYSGD
The long-term trend has been UP since Sep 1st, 2020 at 0.19942653
The intermediate-term trend has been DOWN since Mar 26th, 2021 at 0.20499062
The short-term trend has been DOWN since Apr 14th, 2021 at 0.20439676
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).