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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)

Strong Uptrend (+100) - SGDCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
5.3646842 5.3657401 5.3567937 5.3600797 -0.0046050
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 5.3358672

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 5.2438685

short term up The short-term trend has been UP since Jun 18th, 2024 at 5.3696838

Smart Scan Analysis for SGDCNY

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

+100
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3646842 5.3657401 5.3567937 5.3600797 -0.0046050
Prev. Close Volume Bid Ask Time
5.3646842 2024-06-21 17:31:45
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