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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
15.030900 15.038225 15.008882 15.030934 +0.000034
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 12.955470

intermediate term up The intermediate-term trend has been UP since Nov 1st, 2024 at 15.302412

short term down The short-term trend has been DOWN since Nov 15th, 2024 at 15.150390

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).

+65
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.030900 15.038225 15.008882 15.030934 +0.000034
Prev. Close Volume Bid Ask Time
15.030900 2024-11-20 03:52:16
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