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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
14.79365 14.85555 14.74385 14.78150 -0.01215
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long term trend has been UP since Oct 31st, 2018 at 14.72655

intermediate term up The intermediate term trend has been UP since Oct 19th, 2018 at 13.94995

short term down The short term trend has been DOWN since Dec 7th, 2018 at 14.83285

Smart Scan Analysis for SGDMXN

Based on a pre-defined weighted trend formula for chart analysis, SGDMXN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.79365 14.85555 14.74385 14.78150 -0.01215
Prev. Close Volume Bid Ask Time
14.79365 14.77300 14.79000 2018-12-10 18:42:31
Want to analyze Singapore Dollar/Mexican Peso SGDMXN or another symbol? Try our Free Forex Trend Analysis Report.