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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Sidelines Mode (-55) - MXNSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.06879150 0.06905950 0.06848331 0.06899450 +0.00020300
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term down The long-term trend has been DOWN since Jul 13th, 2022 at 0.06700247

intermediate term up The intermediate-term trend has been UP since Aug 11th, 2022 at 0.06871044

short term down The short-term trend has been DOWN since Aug 18th, 2022 at 0.06877951

Smart Scan Analysis for MXNSGD

Based on our trend formula, MXNSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06879150 0.06905950 0.06848331 0.06899450 +0.00020300
Prev. Close Volume Bid Ask Time
0.06879150 2022-08-19 17:04:40
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