Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Mexican Peso/Singapore Dollar (FOREX:MXNSGD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNSGD
The long term trend has been DOWN since Jun 3rd, 2019 at 0.069345
The intermediate term trend has been UP since Sep 9th, 2019 at 0.070753
The short term trend has been UP since Sep 18th, 2019 at 0.071030
Smart Scan Analysis for MXNSGD
Based on a pre-defined weighted trend formula for chart analysis, MXNSGD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).