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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Strong Downtrend (-100) - MXNSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_MXNSGD
Open High Low MXNSGD Price Change
0.06310673 0.06319500 0.06237650 0.06270793 -0.00039900
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.06298963

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.06563400

short term down The short-term trend has been DOWN since Mar 3rd, 2021 at 0.06373900

Smart Scan Analysis for MXNSGD

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

-100
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06310673 0.06319500 0.06237650 0.06270793 -0.00039900
Prev. Close Volume Bid Ask Time
0.06310673 2021-03-08 20:38:39
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