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Forex Trend Analysis Report

Prepared for you on Friday, September 18, 2020.

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, SHORTSYMBOL 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
15.428300 15.547400 15.365600 15.538242 +0.109942
Entry Signal

MarketClub’s Trade Triangles for SGDMXN

long term down The long-term trend has been DOWN since Sep 17th, 2020 at 15.3908

intermediate term down The intermediate-term trend has been DOWN since Aug 25th, 2020 at 15.9835

short term down The short-term trend has been DOWN since Sep 9th, 2020 at 15.7746

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
15.428300 15.547400 15.365600 15.538242 +0.109942
Prev. Close Volume Bid Ask Time
15.428300 15.536330 15.540153 2020-09-18 21:37:16
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