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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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
12.571050 12.571566 12.546050 12.558571 -0.012479
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 12.476263

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2024 at 12.653050

short term up 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).

-85
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways 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
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