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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

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, MXNSEK 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.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.60187 0.60420 0.60150 0.60307 +0.00120
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 0.607235

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.606460

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 0.606275

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).

-100
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60187 0.60420 0.60150 0.60307 +0.00120
Prev. Close Volume Bid Ask Time
0.60187 2023-11-29 07:10:52
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