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.
MarketClub’s Trade Triangles for SGDMXN
The long term trend has been DOWN since Mar 20th, 2019 at 13.9262
The intermediate term trend has been DOWN since May 20th, 2019 at 13.8435
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).