Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Sidelines Mode (-55) - MXNSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for MXNSGD
The long-term trend has been DOWN since Oct 1st, 2021 at 0.06571197
The intermediate-term trend has been DOWN since Aug 20th, 2021 at 0.06741750
The short-term trend has been UP since Oct 13th, 2021 at 0.06542520
Smart Scan Analysis for MXNSGD
Based on our trend formula, MXNSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).