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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.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.55070 0.55577 0.54886 0.55492 +0.00422
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term up The long-term trend has been UP since Feb 23rd, 2023 at 0.570365

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.558345

short term down 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).

-60
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways 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
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