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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Weak Downtrend (-65) - MXNSGD is showing signs of a strengthening downtrend. Monitor MXNSGD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNSGD
Open High Low MXNSGD Price Change
0.07941200 0.07958331 0.07860868 0.07866250 -0.00075000
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term up The long-term trend has been UP since Feb 17th, 2023 at 0.07240400

intermediate term down The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.07851989

short term down The short-term trend has been DOWN since Sep 21st, 2023 at 0.07946615

Smart Scan Analysis for MXNSGD

Based on our trend formula, MXNSGD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07941200 0.07958331 0.07860868 0.07866250 -0.00075000
Prev. Close Volume Bid Ask Time
0.07941200 2023-09-25 09:54:59
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