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.
MarketClub’s Trade Triangles for SEKMXN
The long-term trend has been UP since Feb 28th, 2020 at 2.058975
The intermediate-term trend has been UP since Feb 24th, 2020 at 1.963280
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).