Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Countertrend Down (-85) - SGDMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Dec 1st, 2023 at 12.476263
The intermediate-term trend has been DOWN since Feb 16th, 2024 at 12.653050
The short-term trend has been UP since Mar 18th, 2024 at 12.538752
Smart Scan Analysis for SGDMXN
Based on our trend formula, SGDMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
12.571050 | 12.571566 | 12.546050 | 12.558571 | -0.012479 |
Prev. Close | Volume | Bid | Ask | Time |
12.571050 | 2024-03-19 03:08:47 |