Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Strong Downtrend (-100) - MXNSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for MXNSGD
The long-term trend has been DOWN since Mar 5th, 2021 at 0.06298963
The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.06563400
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.06373900
Smart Scan Analysis for MXNSGD
Based on our trend formula, MXNSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).