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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Weak Downtrend (-65) - SGDMXN is showing signs of a strengthening downtrend. Monitor SGDMXN as it may be building momentum to the downside.

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
15.695929 15.695929 15.695929 15.695929 0.000000
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long-term trend has been UP since Mar 5th, 2020 at 14.3757

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 16.6684

short term down The short-term trend has been DOWN since May 15th, 2020 at 16.6969

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
15.695929 15.695929 15.695929 15.695929 0.000000
Prev. Close Volume Bid Ask Time
15.695929 15.694159 15.697699 2020-05-30 18:24:06
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