Free Daily Analysis

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.

FOREX_CNYSGD
Open High Low CNYSGD Price Change
0.20421897 0.20468764 0.20401790 0.20444803 +0.00022900
Entry Signal

MarketClub’s Trade Triangles for CNYSGD

long term up The long-term trend has been UP since Sep 1st, 2020 at 0.19942653

intermediate term down The intermediate-term trend has been DOWN since Mar 26th, 2021 at 0.20499062

short term down 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).

-60
Smart Scan Analysis for CNYSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20421897 0.20468764 0.20401790 0.20444803 +0.00022900
Prev. Close Volume Bid Ask Time
0.20421897 2021-04-20 19:51:01
Get a free daily analysis and signals for Chinese Yuan Renminbi/Singapore Dollar (CNYSGD) - Request Your Free Report.