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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Sidelines Mode (+55) - SGDMXN 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 SGDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDMXN.
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 SGDMXN
The long-term trend has been UP since Apr 18th, 2024 at 12.955470
The intermediate-term trend has been UP since Apr 16th, 2024 at 12.329356
The short-term trend has been DOWN since May 7th, 2024 at 12.474058
Smart Scan Analysis for SGDMXN
Based on our trend formula, SGDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.486150 | 12.505240 | 12.454867 | 12.464493 | -0.021657 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.486150 | 2024-05-09 12:13:36 |