Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Swedish Krona/Mexican Peso (FOREX:SEKMXN)

Long-Term Uptrend (+90) - SEKMXN is in a strong uptrend that is likely to continue. While SEKMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SEKMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
2.402525 2.451970 2.395345 2.427755 +0.025230
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 2.058975

intermediate term up The intermediate-term trend has been UP since Feb 24th, 2020 at 1.963280

short term up The short-term trend has been UP since Mar 30th, 2020 at 2.403480

Smart Scan Analysis for SEKMXN

Based on our trend formula, SEKMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.402525 2.451970 2.395345 2.427755 +0.025230
Prev. Close Volume Bid Ask Time
2.402525 2.426240 2.429270 2020-04-01 13:59:00
Get a free daily analysis and signals for Swedish Krona/Mexican Peso (SEKMXN) - Request Your Free Report.