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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.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
2.23448 2.25371 2.22791 2.22950 -0.00498
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term down The long term trend has been DOWN since Mar 28th, 2018 at 2.203825

intermediate term up The intermediate term trend has been UP since May 9th, 2018 at 2.236800

short term down 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).

-75
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.23448 2.25371 2.22791 2.22950 -0.00498
Prev. Close Volume Bid Ask Time
2.23448 2.22610 2.23290 2018-05-25 18:37:40
Want to analyze Swedish Krona/Mexican Peso SEKMXN or another symbol? Try our Free Forex Trend Analysis Report.