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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Sidelines Mode (+50) - MXNSEK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MXNSEK can gain momentum.
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 DOWN since Jun 3rd, 2024 at 0.60339
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.53418
The short-term trend has been UP since Oct 23rd, 2024 at 0.53287
Smart Scan Analysis for MXNSEK
Based on our trend formula, MXNSEK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.532775 | 0.534465 | 0.530005 | 0.531485 | -0.001290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.532775 | 2024-10-25 17:05:31 |