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.
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 DOWN since Sep 9th, 2019 at 14.13445
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).