Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Weak Uptrend (+65) - SGDMXN is showing signs of weakening momentum to the upside. Monitor SGDMXN as it may be in the beginning stages of a reversal.
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 UP since Oct 3rd, 2023 at 12.975250
The intermediate-term trend has been DOWN since Nov 1st, 2023 at 13.017319
The short-term trend has been UP since Nov 28th, 2023 at 12.858671
Smart Scan Analysis for SGDMXN
Based on our trend formula, SGDMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).