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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Bull Market Weakness (+75) - MXNSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNSGD as it may be in the beginning stages of a reversal.

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
0.06288485 0.06293000 0.06266500 0.06287500 -0.00001000
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 0.069555

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.059995

short term up The short-term trend has been UP since May 15th, 2020 at 0.059905

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
0.06288485 0.06293000 0.06266500 0.06287500 -0.00001000
Prev. Close Volume Bid Ask Time
0.06288485 0.06286000 0.06289000 2020-05-25 05:23:30
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