Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Long-Term Uptrend (+90) - SGDMXN is in a strong uptrend that is likely to continue. While SGDMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
13.678709 13.705085 13.648089 13.665050 -0.013659
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 12.955470

intermediate term up The intermediate-term trend has been UP since May 29th, 2024 at 12.614706

short term up The short-term trend has been UP since May 23rd, 2024 at 12.370586

Smart Scan Analysis for SGDMXN

Based on our trend formula, SGDMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.678709 13.705085 13.648089 13.665050 -0.013659
Prev. Close Volume Bid Ask Time
13.678709 2024-06-16 17:19:43
Get a free daily analysis and signals for Singapore Dollar/Mexican Peso (SGDMXN) - Request Your Free Report.