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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

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
2.099680 2.102065 2.093450 2.099445 -0.000235
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long term trend has been UP since Nov 1st, 2018 at 2.232265

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2018 at 2.213600

short term down The short term trend has been DOWN since Jan 2nd, 2019 at 2.184670

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
2.099680 2.102065 2.093450 2.099445 -0.000235
Prev. Close Volume Bid Ask Time
2.099680 2.098680 2.100210 2019-01-17 06:05:39
Want to analyze Swedish Krona/Mexican Peso SEKMXN or another symbol? Try our Free Forex Trend Analysis Report.