Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Crossroads (+60) - SGDMXN 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 SGDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDMXN
The long-term trend has been DOWN since Sep 17th, 2020 at 15.390800
The intermediate-term trend has been UP since Jan 26th, 2021 at 15.235847
The short-term trend has been UP since Feb 25th, 2021 at 15.738394
Smart Scan Analysis for SGDMXN
Based on our trend formula, SGDMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).