Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Swedish Krona/Mexican Peso (FOREX:SEKMXN)
Sidelines Mode (+55) - SEKMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Feb 17th, 2023 at 1.753250
The intermediate-term trend has been UP since Sep 6th, 2023 at 1.588285
The short-term trend has been DOWN since Oct 2nd, 2023 at 1.590745
Smart Scan Analysis for SEKMXN
Based on our trend formula, SEKMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).