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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swedish Krona/Mexican Peso (FOREX:SEKMXN)
Bear Market Rally (-75) - SEKMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SEKMXN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SEKMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKMXN.
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 SEKMXN
The long-term trend has been DOWN since Mar 20th, 2024 at 1.607565
The intermediate-term trend has been UP since Apr 18th, 2024 at 1.566030
The short-term trend has been DOWN since May 7th, 2024 at 1.559365
Smart Scan Analysis for SEKMXN
Based on our trend formula, SEKMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.551195 | 1.552310 | 1.550425 | 1.551325 | +0.000130 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.551195 | 2024-05-09 02:20:13 |