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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

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
2.354510 2.357085 2.341340 2.342910 -0.011600
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 2.360500

intermediate term up The intermediate-term trend has been UP since Sep 29th, 2021 at 2.335885

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 2.359750

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
2.354510 2.357085 2.341340 2.342910 -0.011600
Prev. Close Volume Bid Ask Time
2.354510 2021-10-25 15:49:52
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