Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Sidelines Mode (+55) - SGDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
15.064050 15.083162 15.054488 15.064084 +0.000034
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 15.217850

intermediate term up The intermediate-term trend has been UP since Aug 20th, 2021 at 14.832572

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 15.284472

Smart Scan Analysis for SGDMXN

Based on our trend formula, SGDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.064050 15.083162 15.054488 15.064084 +0.000034
Prev. Close Volume Bid Ask Time
15.064050 2021-10-22 05:35:24
Get a free daily analysis and signals for Singapore Dollar/Mexican Peso (SGDMXN) - Request Your Free Report.