Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Strong Downtrend (-100) - MXNSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Feb 19th, 2021 at 0.405920
The intermediate-term trend has been DOWN since Jan 29th, 2021 at 0.407775
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.403945
Smart Scan Analysis for MXNSEK
Based on our trend formula, MXNSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).