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.
MarketClub’s Trade Triangles for SGDCNH
The long-term trend has been UP since Feb 3rd, 2021 at 4.9155
The intermediate-term trend has been UP since Mar 30th, 2021 at 4.8595
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).