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.
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 DOWN since May 30th, 2019 at 0.070685
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).