Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, July 4, 2022.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Sidelines Mode (+50) - SGDMXN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SGDMXN can gain momentum.

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
14.544950 14.569587 14.489398 14.527463 -0.017487
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long-term trend has been DOWN since Feb 23rd, 2022 at 14.999393

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 14.519920

short term up The short-term trend has been UP since Jun 28th, 2022 at 14.430725

Smart Scan Analysis for SGDMXN

Based on our trend formula, SGDMXN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.544950 14.569587 14.489398 14.527463 -0.017487
Prev. Close Volume Bid Ask Time
14.544950 2022-07-04 23:11:04
Get a free daily analysis and signals for Singapore Dollar/Mexican Peso (SGDMXN) - Request Your Free Report.