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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Long-Term Downtrend (-90) - MXNSGD is in a strong downtrend that is likely to continue. While MXNSGD 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 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
0.07280996 0.07284032 0.07089066 0.07189784 -0.00091200
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 May 29th, 2024 at 0.07927439

short term down The short-term trend has been DOWN since May 23rd, 2024 at 0.08083445

Smart Scan Analysis for MXNSGD

Based on our trend formula, MXNSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07280996 0.07284032 0.07089066 0.07189784 -0.00091200
Prev. Close Volume Bid Ask Time
0.07280996 2024-06-12 17:44:05
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