Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Long-Term Downtrend (-90) - MXNSEK is in a strong downtrend that is likely to continue. While MXNSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Oct 1st, 2021 at 0.423665
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.428105
The short-term trend has been DOWN since Oct 27th, 2021 at 0.424255
Smart Scan Analysis for MXNSEK
Based on our trend formula, MXNSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.422510 | 0.423935 | 0.417335 | 0.418095 | -0.004415 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.422510 | 2021-10-28 16:30:01 |