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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Countertrend Down (-85) - SGDCNH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been DOWN since Nov 3rd, 2024 at 5.3681042
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 5.3778488
The short-term trend has been UP since Dec 25th, 2024 at 5.3949813
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3816939 | 5.3830776 | 5.3710775 | 5.3759837 | -0.0057100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3816939 | 2024-12-26 07:12:45 |