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.
MarketClub’s Trade Triangles for MXNSGD
The long-term trend has been DOWN since Mar 5th, 2020 at 0.069555
The intermediate-term trend has been UP since May 18th, 2020 at 0.059995
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).