Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Sidelines Mode (+55) - MXNSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNSEK
The long-term trend has been DOWN since Feb 28th, 2020 at 0.485680
The intermediate-term trend has been UP since May 18th, 2020 at 0.415390
The short-term trend has been DOWN since May 29th, 2020 at 0.427205
Smart Scan Analysis for MXNSEK
Based on our trend formula, MXNSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).