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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
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 DOWN since Jun 3rd, 2024 at 0.60339
The intermediate-term trend has been UP since Nov 7th, 2024 at 0.54153
The short-term trend has been DOWN since Nov 22nd, 2024 at 0.53835
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 |
|---|---|---|---|---|
| 0.541675 | 0.545100 | 0.538285 | 0.540060 | -0.001615 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.541675 | 2024-11-22 17:06:18 |