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Forex Trend Analysis Report

Prepared for you on Monday, May 21, 2018.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MXNSGD
Open High Low MXNSGD Price Change
0.06745 0.06752 0.06740 0.06752 +0.00007
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term down The long term trend has been DOWN since May 4th, 2018 at 0.069445

intermediate term down The intermediate term trend has been DOWN since Apr 20th, 2018 at 0.070880

short term down The short term trend has been DOWN since May 14th, 2018 at 0.068520

Smart Scan Analysis for MXNSGD

Based on a pre-defined weighted trend formula for chart analysis, MXNSGD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06745 0.06752 0.06740 0.06752 +0.00007
Prev. Close Volume Bid Ask Time
0.06745 0.06747 0.06757 2018-05-21 02:43:12
Want to analyze Mexican Peso/Singapore Dollar MXNSGD or another symbol? Try our Free Forex Trend Analysis Report.