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Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Swedish Krona/Mexican Peso (FOREX:SEKMXN)
Long-Term Downtrend (-90) - SEKMXN is in a strong downtrend that is likely to continue. While SEKMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for SEKMXN
The long-term trend has been DOWN since Dec 13th, 2021 at 2.296860
The intermediate-term trend has been DOWN since Aug 12th, 2022 at 1.951415
The short-term trend has been DOWN since Aug 4th, 2022 at 1.996260
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.917490 | 1.930065 | 1.911140 | 1.926225 | +0.008735 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.917490 | 2022-08-16 20:53:29 |