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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.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
1.59276 1.60207 1.58540 1.60038 +0.00762
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term down The long-term trend has been DOWN since Feb 17th, 2023 at 1.753250

intermediate term up The intermediate-term trend has been UP since Sep 6th, 2023 at 1.588285

short term down 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).

+55
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.59276 1.60207 1.58540 1.60038 +0.00762
Prev. Close Volume Bid Ask Time
1.59276 2023-10-02 23:49:00
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