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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
14.13655 14.19125 14.07930 14.08785 -0.04870
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long term trend has been UP since Jun 3rd, 2019 at 14.42175

intermediate term down The intermediate term trend has been DOWN since Sep 9th, 2019 at 14.13445

short term up The short term trend has been UP since Sep 17th, 2019 at 14.17365

Smart Scan Analysis for SGDMXN

Based on a pre-defined weighted trend formula for chart analysis, SGDMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.13655 14.19125 14.07930 14.08785 -0.04870
Prev. Close Volume Bid Ask Time
14.13655 14.08500 14.09070 2019-09-17 22:52:29
Want to analyze Singapore Dollar/Mexican Peso SGDMXN or another symbol? Try our Free Forex Trend Analysis Report.