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Forex Trend Analysis Report

Prepared for you on Monday, February 19, 2018.

Swedish Krona/Mexican Peso (FOREX:SEKMXN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
2.320830 2.322720 2.316575 2.321095 +0.000265
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long term trend has been UP since Jul 31st, 2017 at 2.196345

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2018 at 2.331310

short term down The short term trend has been DOWN since Feb 19th, 2018 at 2.319130

Smart Scan Analysis for SEKMXN

Based on a pre-defined weighted trend formula for chart analysis, SEKMXN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.320830 2.322720 2.316575 2.321095 +0.000265
Prev. Close Volume Bid Ask Time
2.320830 2.320190 2.322000 2018-02-19 12:48:43
Want to analyze Swedish Krona/Mexican Peso SEKMXN or another symbol? Try our Free Forex Trend Analysis Report.