Forex Trend Analysis Report
Prepared for you on Monday, June 21, 2021.
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.
MarketClub’s Trade Triangles for MXNSEK
The long-term trend has been UP since Apr 1st, 2021 at 0.427940
The intermediate-term trend has been DOWN since Apr 27th, 2021 at 0.420780
The short-term trend has been DOWN since Jun 21st, 2021 at 0.414455
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).