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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Crossroads (+60) - SGDMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
15.787250 15.815890 15.661450 15.717479 -0.069771
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long-term trend has been DOWN since Sep 17th, 2020 at 15.390800

intermediate term up The intermediate-term trend has been UP since Jan 26th, 2021 at 15.235847

short term up The short-term trend has been UP since Feb 25th, 2021 at 15.738394

Smart Scan Analysis for SGDMXN

Based on our trend formula, SGDMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.787250 15.815890 15.661450 15.717479 -0.069771
Prev. Close Volume Bid Ask Time
15.787250 2021-02-26 11:18:23
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