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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Bull Market Weakness (+75) - SGDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
14.120898 14.317985 14.041575 14.070350 -0.050548
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long-term trend has been DOWN since Feb 17th, 2023 at 13.811500

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 13.807177

short term up The short-term trend has been UP since Mar 10th, 2023 at 13.617445

Smart Scan Analysis for SGDMXN

Based on our trend formula, SGDMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.120898 14.317985 14.041575 14.070350 -0.050548
Prev. Close Volume Bid Ask Time
14.120898 2023-03-20 21:05:26
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