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Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Crossroads (-60) - MXNSEK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 23rd, 2023 at 0.570365
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.558345
The short-term trend has been DOWN since Mar 10th, 2023 at 0.579690
Smart Scan Analysis for MXNSEK
Based on our trend formula, MXNSEK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.55070 | 0.55577 | 0.54886 | 0.55492 | +0.00422 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.55070 | 2023-03-21 16:20:00 |