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Forex Trend Analysis Report
Prepared for you on Sunday, June 8, 2025.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Sidelines Mode (-55) - SGDCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for SGDCNY
The long-term trend has been DOWN since Apr 14th, 2025 at 5.2460692
The intermediate-term trend has been DOWN since May 12th, 2025 at 5.5336389
The short-term trend has been UP since Jun 5th, 2025 at 5.5919462
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.5827380 | 5.5890310 | 5.5750106 | 5.5879450 | +0.0052070 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.5827380 | 2025-06-08 23:22:49 |