Forex Trend Analysis Report
Prepared for you on Sunday, October 2, 2022.
Singapore Dollar/Mexican Peso (FOREX:SGDMXN)
Strong Downtrend (-100) - SGDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGDMXN continues to fall. 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.
MarketClub’s Trade Triangles for SGDMXN
The long-term trend has been DOWN since Sep 12th, 2022 at 14.168528
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 14.553050
The short-term trend has been DOWN since Sep 28th, 2022 at 14.096340
Smart Scan Analysis for SGDMXN
Based on our trend formula, SGDMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).