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Forex Trend Analysis Report

Prepared for you on Thursday, September 19, 2019.

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

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_SGDCNH
Open High Low SGDCNH Price Change
5.1340 5.1340 5.1340 5.1340 0.0000
Entry Signal

MarketClub’s Trade Triangles for SGDCNH

long term up The long term trend has been UP since May 9th, 2019 at 5.00210

intermediate term down The intermediate term trend has been DOWN since Sep 6th, 2019 at 5.15740

short term down The short term trend has been DOWN since Sep 4th, 2019 at 5.16235

Smart Scan Analysis for SGDCNH

Based on a pre-defined weighted trend formula for chart analysis, SGDCNH scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SGDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1340 5.1340 5.1340 5.1340 0.0000
Prev. Close Volume Bid Ask Time
5.134 5.1335 5.1345 2019-09-17 16:27:38
Want to analyze Singapore Dollar/Chinese Yuan Renminbi Offshore SGDCNH or another symbol? Try our Free Forex Trend Analysis Report.