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Forex Trend Analysis Report

Prepared for you on Tuesday, February 4, 2025.

Mexican Peso/Swedish Krona (FOREX:MXNSEK)

Sidelines Mode (-55) - MXNSEK 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 MXNSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.544075 0.546235 0.532575 0.535030 -0.009045
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term up The long-term trend has been UP since Dec 11th, 2024 at 0.546190

intermediate term down The intermediate-term trend has been DOWN since Dec 30th, 2024 at 0.537315

short term up The short-term trend has been UP since Feb 3rd, 2025 at 0.539515

Smart Scan Analysis for MXNSEK

Based on our trend formula, MXNSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.544075 0.546235 0.532575 0.535030 -0.009045
Prev. Close Volume Bid Ask Time
0.544075 2025-02-04 23:42:27
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