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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_SGDMXN
Open High Low SGDMXN Price Change
14.16235 14.23300 14.15105 14.22735 +0.06500
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long term trend has been UP since Oct 31st, 2018 at 14.72655

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 14.23605

short term up The short term trend has been UP since Feb 20th, 2019 at 14.21975

Smart Scan Analysis for SGDMXN

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

+100
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.16235 14.23300 14.15105 14.22735 +0.06500
Prev. Close Volume Bid Ask Time
14.16235 14.22300 14.23170 2019-02-20 22:13:34
Want to analyze Singapore Dollar/Mexican Peso SGDMXN or another symbol? Try our Free Forex Trend Analysis Report.