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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

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
5.4230382 5.4243539 5.4212535 5.4232819 +0.0002440
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term up The long-term trend has been UP since Jul 3rd, 2024 at 5.3966783

intermediate term up The intermediate-term trend has been UP since Jul 3rd, 2024 at 5.3966239

short term down The short-term trend has been DOWN since Jul 16th, 2024 at 5.4122135

Smart Scan Analysis for SGDCNH

Based on our trend formula, SGDCNH is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4230382 5.4243539 5.4212535 5.4232819 +0.0002440
Prev. Close Volume Bid Ask Time
5.4230382 2024-07-22 06:16:33
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