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.
MarketClub’s Trade Triangles for SGDMXN
The long term trend has been UP since Oct 31st, 2018 at 14.72655
The intermediate term trend has been UP since Oct 19th, 2018 at 13.94995
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).