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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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
12.968900 13.088750 12.949600 13.001344 +0.032444
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long-term trend has been UP since Oct 3rd, 2023 at 12.975250

intermediate term down The intermediate-term trend has been DOWN since Nov 1st, 2023 at 13.017319

short term up 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).

+65
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.968900 13.088750 12.949600 13.001344 +0.032444
Prev. Close Volume Bid Ask Time
12.968900 2023-11-30 12:18:19
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