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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Sidelines Mode (-55) - SGDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
12.354850 12.372657 12.348815 12.361850 +0.007000
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 12.955470

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2024 at 12.356464

short term up The short-term trend has been UP since May 23rd, 2024 at 12.370586

Smart Scan Analysis for SGDMXN

Based on our trend formula, SGDMXN is rated as a -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
12.354850 12.372657 12.348815 12.361850 +0.007000
Prev. Close Volume Bid Ask Time
12.354850 2024-05-27 07:56:37
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