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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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
1.807490 1.814250 1.758525 1.765285 -0.042205
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long-term trend has been UP since Jun 3rd, 2024 at 1.657340

intermediate term up The intermediate-term trend has been UP since May 27th, 2024 at 1.573900

short term up The short-term trend has been UP since May 23rd, 2024 at 1.558635

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
1.807490 1.814250 1.758525 1.765285 -0.042205
Prev. Close Volume Bid Ask Time
1.807490 2024-06-13 15:47:00
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