Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 MXNSEK
The long term trend has been UP since Jul 26th, 2018 at 0.472755
The intermediate term trend has been DOWN since Sep 3rd, 2018 at 0.472770
The short term trend has been UP since Sep 7th, 2018 at 0.475310
Smart Scan Analysis for MXNSEK
Based on a pre-defined weighted trend formula for chart analysis, MXNSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).