Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 0.067900
The intermediate term trend has been UP since Dec 12th, 2018 at 0.068305
The short term trend has been DOWN since Jan 18th, 2019 at 0.071000
Smart Scan Analysis for MXNSGD
Based on a pre-defined weighted trend formula for chart analysis, MXNSGD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).