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.
MarketClub’s Trade Triangles for MXNSEK
The long-term trend has been DOWN since Oct 5th, 2023 at 0.607235
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.606460
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).