Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Feb 6th, 2019 at 0.480180
The intermediate term trend has been UP since Dec 12th, 2018 at 0.451555
The short term trend has been UP since Feb 15th, 2019 at 0.483145
Smart Scan Analysis for MXNSEK
Based on a pre-defined weighted trend formula for chart analysis, MXNSEK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).