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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Mexican Peso/Swedish Krona (FOREX:MXNSEK)

Long-Term Uptrend (+90) - MXNSEK is in a strong uptrend that is likely to continue. While MXNSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ?

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
0.524120 0.524630 0.521830 0.522045 -0.002075
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term up The long-term trend has been UP since Jan 28th, 2020 at 0.511815

intermediate term up The intermediate-term trend has been UP since Dec 20th, 2019 at 0.497760

short term up The short-term trend has been UP since Feb 3rd, 2020 at 0.515710

Smart Scan Analysis for MXNSEK

Based on our trend formula, MXNSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.524120 0.524630 0.521830 0.522045 -0.002075
Prev. Close Volume Bid Ask Time
0.524120 0.521890 0.522200 2020-02-17 19:33:06
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