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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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
14.038662 14.058700 14.025893 14.031077 -0.007585
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long-term trend has been DOWN since Sep 12th, 2022 at 14.168528

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 14.553050

short term down 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).

-100
Smart Scan Analysis for SGDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.038662 14.058700 14.025893 14.031077 -0.007585
Prev. Close Volume Bid Ask Time
14.038662 2022-10-02 17:37:20
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