Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Crossroads (-60) - MXNSGD is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_MXNSGD
Open High Low MXNSGD Price Change
0.08019113 0.08045340 0.07987159 0.08034341 +0.00015200
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.08015221

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.08110724

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 0.08189581

Smart Scan Analysis for MXNSGD

Based on our trend formula, MXNSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08019113 0.08045340 0.07987159 0.08034341 +0.00015200
Prev. Close Volume Bid Ask Time
0.08019113 2024-04-17 05:40:06
Get a free daily analysis and signals for Mexican Peso/Singapore Dollar (MXNSGD) - Request Your Free Report.