Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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.
MarketClub’s Trade Triangles for MXNSGD
The long term trend has been DOWN since Oct 31st, 2018 at 0.06790
The intermediate term trend has been DOWN since Oct 19th, 2018 at 0.07169
The short term trend has been UP since Nov 16th, 2018 at 0.06821
Smart Scan Analysis for MXNSGD
Based on a pre-defined weighted trend formula for chart analysis, MXNSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).