Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Mexican Peso/Swedish Krona (FOREX:MXNSEK)
Bear Market Rally (-75) - MXNSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNSEK as it may be in the beginning of a reversal.
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 DOWN since Oct 1st, 2021 at 0.423665
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.428105
The short-term trend has been UP since Oct 15th, 2021 at 0.423775
Smart Scan Analysis for MXNSEK
Based on our trend formula, MXNSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).