Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Swedish Krona/Mexican Peso (FOREX:SEKMXN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 SEKMXN
The long term trend has been DOWN since Mar 28th, 2018 at 2.203825
The intermediate term trend has been UP since May 9th, 2018 at 2.236800
The short term trend has been DOWN since May 23rd, 2018 at 2.270025
Smart Scan Analysis for SEKMXN
Based on a pre-defined weighted trend formula for chart analysis, SEKMXN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).