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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Swedish Krona/Mexican Peso (FOREX:SEKMXN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
1.967610 1.972160 1.962395 1.963690 -0.003920
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long term trend has been UP since Dec 2nd, 2019 at 2.053670

intermediate term down The intermediate term trend has been DOWN since Dec 19th, 2019 at 2.009045

short term down The short term trend has been DOWN since Jan 17th, 2020 at 1.977175

Smart Scan Analysis for SEKMXN

Based on a pre-defined weighted trend formula for chart analysis, SEKMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.967610 1.972160 1.962395 1.963690 -0.003920
Prev. Close Volume Bid Ask Time
1.967610 1.960880 1.966500 2020-01-24 17:07:12
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