Forex Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Strong Downtrend (-100) - SGDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDMXN
The long-term trend has been DOWN since Sep 17th, 2020 at 15.3908
The intermediate-term trend has been DOWN since Aug 25th, 2020 at 15.9835
The short-term trend has been DOWN since Sep 9th, 2020 at 15.7746
Smart Scan Analysis for SGDMXN
Based on our trend formula, SGDMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).