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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.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
1.917490 1.930065 1.911140 1.926225 +0.008735
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term down The long-term trend has been DOWN since Dec 13th, 2021 at 2.296860

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2022 at 1.951415

short term down 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).

-90
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways 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
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