Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 2nd, 2017 at 0.07433
The intermediate term trend has been UP since Nov 21st, 2017 at 0.07188
The short term trend has been UP since Nov 17th, 2017 at 0.07147
Smart Scan Analysis for MXNSGD
Based on a pre-defined weighted trend formula for chart analysis, MXNSGD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).