Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, November 18, 2019.

Mexican Peso/Swedish Krona (FOREX:MXNSEK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.502195 0.502435 0.500565 0.500905 -0.001290
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term up The long term trend has been UP since Oct 7th, 2019 at 0.506735

intermediate term down The intermediate term trend has been DOWN since Nov 1st, 2019 at 0.500035

short term down The short term trend has been DOWN since Nov 12th, 2019 at 0.502475

Smart Scan Analysis for MXNSEK

Based on a pre-defined weighted trend formula for chart analysis, MXNSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.502195 0.502435 0.500565 0.500905 -0.001290
Prev. Close Volume Bid Ask Time
0.502195 0.500760 0.501050 2019-11-18 08:16:43
Want to analyze Mexican Peso/Swedish Krona MXNSEK or another symbol? Try our Free Forex Trend Analysis Report.