Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SGDMXN
The long term trend has been UP since Jun 3rd, 2019 at 14.42175
The intermediate term trend has been UP since May 30th, 2019 at 14.15050
The short term trend has been UP since Jun 19th, 2019 at 14.02610
Smart Scan Analysis for SGDMXN
Based on a pre-defined weighted trend formula for chart analysis, SGDMXN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).