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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
13.70010 13.88605 13.67840 13.86400 +0.16390
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long term trend has been DOWN since Jul 26th, 2018 at 13.68880

intermediate term down The intermediate term trend has been DOWN since Sep 19th, 2018 at 13.65945

short term up The short term trend has been UP since Oct 18th, 2018 at 13.72410

Smart Scan Analysis for SGDMXN

Based on a pre-defined weighted trend formula for chart analysis, SGDMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.70010 13.88605 13.67840 13.86400 +0.16390
Prev. Close Volume Bid Ask Time
13.70010 13.85980 13.86820 2018-10-18 17:54:01
Want to analyze Singapore Dollar/Mexican Peso SGDMXN or another symbol? Try our Free Forex Trend Analysis Report.