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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

Mexican Peso/Swedish Krona (FOREX:MXNSEK)

Bear Market Rally (-75) - MXNSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNSEK as it may be in the beginning of a reversal.

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
0.584710 0.586680 0.583770 0.584955 +0.000245
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 0.603390

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2024 at 0.586570

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 0.588775

Smart Scan Analysis for MXNSEK

Based on our trend formula, MXNSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.584710 0.586680 0.583770 0.584955 +0.000245
Prev. Close Volume Bid Ask Time
0.584710 2024-07-25 02:26:27
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