Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Bull Market Weakness (+75) - MXNSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNSEK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MXNSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MXNSEK
The long-term trend has been UP since Mar 20th, 2024 at 0.622065
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.638550
The short-term trend has been UP since May 7th, 2024 at 0.641290
Smart Scan Analysis for MXNSEK
Based on our trend formula, MXNSEK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.644665 | 0.645490 | 0.641190 | 0.644010 | -0.000655 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.644665 | 2024-05-09 13:10:52 |