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Forex Trend Analysis Report

Prepared for you on Tuesday, November 20, 2018.

Mexican Peso/Swedish Krona (FOREX:MXNSEK)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.442750 0.444550 0.441445 0.444545 +0.001795
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term down The long term trend has been DOWN since Nov 1st, 2018 at 0.447975

intermediate term down The intermediate term trend has been DOWN since Oct 22nd, 2018 at 0.465305

short term down The short term trend has been DOWN since Nov 8th, 2018 at 0.450335

Smart Scan Analysis for MXNSEK

Based on a pre-defined weighted trend formula for chart analysis, MXNSEK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.442750 0.444550 0.441445 0.444545 +0.001795
Prev. Close Volume Bid Ask Time
0.442750 0.444390 0.444700 2018-11-20 12:50:46
Want to analyze Mexican Peso/Swedish Krona MXNSEK or another symbol? Try our Free Forex Trend Analysis Report.