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.
MarketClub’s Trade Triangles for MXNSEK
The long term trend has been UP since Oct 7th, 2019 at 0.506735
The intermediate term trend has been DOWN since Nov 1st, 2019 at 0.500035
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).