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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Weak Downtrend (-65) - MXNSGD is showing signs of a strengthening downtrend. Monitor MXNSGD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNSGD
Open High Low MXNSGD Price Change
0.06614754 0.06646666 0.06604780 0.06621000 +0.00006200
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.07719150

intermediate term down The intermediate-term trend has been DOWN since Nov 1st, 2024 at 0.06534918

short term up The short-term trend has been UP since Nov 28th, 2024 at 0.06653782

Smart Scan Analysis for MXNSGD

Based on our trend formula, MXNSGD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06614754 0.06646666 0.06604780 0.06621000 +0.00006200
Prev. Close Volume Bid Ask Time
0.06614754 2024-12-05 23:23:36
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