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Forex Trend Analysis Report

Prepared for you on Thursday, April 22, 2021.

Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)

Bull Market Weakness (+75) - SGDCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDCNH as it may be in the beginning stages of a reversal.

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

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

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

FOREX_SGDCNH
Open High Low SGDCNH Price Change
4.8912 4.8912 4.8912 4.8912 0.0000
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term up The long-term trend has been UP since Feb 3rd, 2021 at 4.9155

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2021 at 4.8595

short term up The short-term trend has been UP since Mar 18th, 2021 at 4.8336

Smart Scan Analysis for SGDCNH

Based on our trend formula, SGDCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8912 4.8912 4.8912 4.8912 0.0000
Prev. Close Volume Bid Ask Time
4.8912 2021-04-20 13:45:00
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