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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2019.

Mexican Peso/Singapore Dollar (FOREX:MXNSGD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.

FOREX_MXNSGD
Open High Low MXNSGD Price Change
0.071605 0.071705 0.071460 0.071700 +0.000095
Entry Signal

MarketClub’s Trade Triangles for MXNSGD

long term down The long term trend has been DOWN since Jun 3rd, 2019 at 0.069345

intermediate term down The intermediate term trend has been DOWN since May 30th, 2019 at 0.070685

short term down The short term trend has been DOWN since Jun 19th, 2019 at 0.071295

Smart Scan Analysis for MXNSGD

Based on a pre-defined weighted trend formula for chart analysis, MXNSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MXNSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.071605 0.071705 0.071460 0.071700 +0.000095
Prev. Close Volume Bid Ask Time
0.071605 0.071680 0.071720 2019-06-20 07:13:50
Want to analyze Mexican Peso/Singapore Dollar MXNSGD or another symbol? Try our Free Forex Trend Analysis Report.