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.
MarketClub’s Trade Triangles for MXNSGD
The long-term trend has been DOWN since Jul 13th, 2022 at 0.06700247
The intermediate-term trend has been UP since Aug 11th, 2022 at 0.06871044
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).