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Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2025.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Long-Term Downtrend (-90) - MXNSGD is in a strong downtrend that is likely to continue. While MXNSGD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for MXNSGD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.0771915
The intermediate-term trend has been DOWN since Dec 30th, 2024 at 0.0660655
The short-term trend has been DOWN since Jan 16th, 2025 at 0.0658235
Smart Scan Analysis for MXNSGD
Based on our trend formula, MXNSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06554600 | 0.06570150 | 0.06535012 | 0.06568750 | +0.00014200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06554600 | 2025-01-21 07:39:22 |