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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.
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MarketClub’s Trade Triangles for SGDMXN
The long-term trend has been DOWN since Feb 23rd, 2022 at 14.999393
The intermediate-term trend has been UP since Jun 13th, 2022 at 14.519920
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).
| 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 |