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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)

Bear Market Rally (-75) - SGDCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDCNY as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SGDCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDCNY
Open High Low SGDCNY Price Change
4.9300296 4.9589637 4.9290803 4.9498261 +0.0197960
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term down The long-term trend has been DOWN since Dec 25th, 2019 at 5.1020000

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2020 at 5.0871472

short term down The short-term trend has been DOWN since Apr 1st, 2020 at 4.9583595

Smart Scan Analysis for SGDCNY

Based on our trend formula, SGDCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9300296 4.9589637 4.9290803 4.9498261 +0.0197960
Prev. Close Volume Bid Ask Time
4.9300296 4.9433541 4.9562980 2020-04-06 15:27:38
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