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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.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.402800 0.403550 0.399645 0.400385 -0.002415
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term down The long-term trend has been DOWN since Feb 19th, 2021 at 0.405920

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2021 at 0.407775

short term down 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).

-100
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.402800 0.403550 0.399645 0.400385 -0.002415
Prev. Close Volume Bid Ask Time
0.402800 2021-03-05 17:00:29
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