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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.

FOREX_MXNSEK
Open High Low MXNSEK Price Change
0.416555 0.418495 0.413365 0.416910 +0.000355
Entry Signal

MarketClub’s Trade Triangles for MXNSEK

long term up The long-term trend has been UP since Apr 1st, 2021 at 0.427940

intermediate term down The intermediate-term trend has been DOWN since Apr 27th, 2021 at 0.420780

short term down 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).

+60
Smart Scan Analysis for MXNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.416555 0.418495 0.413365 0.416910 +0.000355
Prev. Close Volume Bid Ask Time
0.416555 2021-06-21 17:31:22
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