Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Bull Market Weakness (+75) - SGDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDCNY as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for SGDCNY
The long-term trend has been DOWN since Sep 1st, 2020 at 5.0150870
The intermediate-term trend has been UP since Mar 29th, 2021 at 4.8654714
The short-term trend has been UP since Apr 14th, 2021 at 4.8901904
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).