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.
MarketClub’s Trade Triangles for SGDMXN
The long-term trend has been UP since Mar 5th, 2020 at 14.3757
The intermediate-term trend has been DOWN since May 18th, 2020 at 16.6684
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).