Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Mexican Peso/Swedish Krona (FOREX:MXNSEK)

Crossroads (-60) - MXNSEK is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.630620 0.639615 0.628940 0.639280 +0.008660
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term up The long-term trend has been UP since Mar 20th, 2024 at 0.622065

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.638550

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 0.650565

Smart Scan Analysis for MXNSEK

Based on our trend formula, MXNSEK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.630620 0.639615 0.628940 0.639280 +0.008660
Prev. Close Volume Bid Ask Time
0.630620 2024-04-19 16:44:01
Get a free daily analysis and signals for Mexican Peso/Swedish Krona (MXNSEK) - Request Your Free Report.