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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Long-Term Uptrend (+90) - SGDMXN is in a strong uptrend that is likely to continue. While SGDMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for SGDMXN
The long-term trend has been UP since Apr 18th, 2024 at 12.955470
The intermediate-term trend has been UP since Apr 16th, 2024 at 12.329356
The short-term trend has been UP since Apr 12th, 2024 at 12.210842
Smart Scan Analysis for SGDMXN
Based on our trend formula, SGDMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.576550 | 12.584433 | 12.538721 | 12.554150 | -0.022400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.576550 | 2024-04-23 06:25:11 |