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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Long-Term Downtrend (-90) - SGDMXN is in a strong downtrend that is likely to continue. While SGDMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 25th, 2025 at 14.827616
The intermediate-term trend has been DOWN since Apr 23rd, 2025 at 14.881901
The short-term trend has been DOWN since May 8th, 2025 at 15.112000
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.023100 | 15.041933 | 15.018852 | 15.038798 | +0.015698 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.023100 | 2025-05-09 07:11:03 |