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.
MarketClub’s Trade Triangles for SGDMXN
The long-term trend has been DOWN since Feb 17th, 2023 at 13.811500
The intermediate-term trend has been UP since Mar 13th, 2023 at 13.807177
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).