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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Strong Downtrend (-100) - SGDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGDCNH continues to fall. Traders should use caution 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 Oct 7th, 2024 at 5.4266143
The short-term trend has been DOWN since Nov 21st, 2024 at 5.3886152
Smart Scan Analysis for SGDCNH
Based on our trend formula, SGDCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3898818 | 5.3944705 | 5.3787664 | 5.3871920 | -0.0026900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3898818 | 2024-11-22 07:02:58 |