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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Countertrend Up (+85) - SGDCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jun 7th, 2024 at 5.3358672
The intermediate-term trend has been UP since Jul 17th, 2024 at 5.4147596
The short-term trend has been DOWN since Jul 25th, 2024 at 5.4008467
Smart Scan Analysis for SGDCNY
Based on our trend formula, SGDCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3961931 | 5.4034879 | 5.3945239 | 5.4002681 | +0.0040750 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3961931 | 2024-07-26 20:53:58 |