Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNSGD
The long term trend has been UP since Dec 17th, 2019 at 0.07163500
The intermediate term trend has been UP since Dec 12th, 2019 at 0.07099804
The short term trend has been DOWN since Jan 23rd, 2020 at 0.07182290
Smart Scan Analysis for MXNSGD
Based on a pre-defined weighted trend formula for chart analysis, MXNSGD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).