Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Singapore Dollar/Mexican Peso (FOREX:SGDMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_SGDMXN
Open High Low SGDMXN Price Change
13.85745 13.86655 13.85485 13.85495 -0.00250
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long term trend has been DOWN since Mar 20th, 2019 at 13.9262

intermediate term down The intermediate term trend has been DOWN since May 20th, 2019 at 13.8435

short term down The short term trend has been DOWN since May 14th, 2019 at 13.9777

Smart Scan Analysis for SGDMXN

Based on a pre-defined weighted trend formula for chart analysis, SGDMXN scored -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
13.85745 13.86655 13.85485 13.85495 -0.00250
Prev. Close Volume Bid Ask Time
13.85745 13.85070 13.85920 2019-05-21 02:29:02
Want to analyze Singapore Dollar/Mexican Peso SGDMXN or another symbol? Try our Free Forex Trend Analysis Report.