Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Weak Downtrend (-65) - MXNSGD is showing signs of a strengthening downtrend. Monitor MXNSGD as it may be building momentum to the downside.
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 UP since Feb 17th, 2023 at 0.07240400
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.07851989
The short-term trend has been DOWN since Sep 21st, 2023 at 0.07946615
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).