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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Long-Term Downtrend (-90) - SGDMXN is in a strong downtrend that is likely to continue. While SGDMXN is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
12.659062 12.665350 12.656380 12.660050 +0.000988
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 12.476263

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2024 at 12.653050

short term down The short-term trend has been DOWN since Feb 27th, 2024 at 12.698890

Smart Scan Analysis for SGDMXN

Based on our trend formula, SGDMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.659062 12.665350 12.656380 12.660050 +0.000988
Prev. Close Volume Bid Ask Time
12.659062 2024-03-04 02:25:09
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