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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.
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MarketClub’s Trade Triangles for MXNSEK
The long-term trend has been UP since Dec 11th, 2024 at 0.546190
The intermediate-term trend has been DOWN since Dec 30th, 2024 at 0.537315
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).
| 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 |