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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.

FOREX_SGDCNY
Open High Low SGDCNY Price Change
4.8864696 4.8880732 4.8789872 4.8878391 +0.0013700
Entry Signal

MarketClub’s Trade Triangles for SGDCNY

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 5.0150870

intermediate term up The intermediate-term trend has been UP since Mar 29th, 2021 at 4.8654714

short term up 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).

+70
Smart Scan Analysis for SGDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8864696 4.8880732 4.8789872 4.8878391 +0.0013700
Prev. Close Volume Bid Ask Time
4.8864696 2021-04-22 22:37:12
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