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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Long-Term Uptrend (+90) - MXNSEK is in a strong uptrend that is likely to continue. While MXNSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MXNSEK
The long-term trend has been UP since Dec 11th, 2024 at 0.54619
The intermediate-term trend has been UP since Nov 7th, 2024 at 0.54153
The short-term trend has been UP since Dec 20th, 2024 at 0.54685
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 |
|---|---|---|---|---|
| 0.549820 | 0.550660 | 0.545840 | 0.545985 | -0.003835 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.549820 | 2024-12-26 14:05:12 |