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.
MarketClub’s Trade Triangles for SEKMXN
The long term trend has been UP since Dec 2nd, 2019 at 2.053670
The intermediate term trend has been DOWN since Dec 19th, 2019 at 2.009045
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).