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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Swedish Krona/Mexican Peso (FOREX:SEKMXN)

Weak Downtrend (-65) - SEKMXN is showing signs of a strengthening downtrend. Monitor SEKMXN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SEKMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
1.613075 1.616925 1.607670 1.612375 -0.000700
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long-term trend has been UP since Oct 5th, 2023 at 1.646820

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 1.628165

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 1.636615

Smart Scan Analysis for SEKMXN

Based on our trend formula, SEKMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.613075 1.616925 1.607670 1.612375 -0.000700
Prev. Close Volume Bid Ask Time
1.613075 2024-03-18 22:07:53
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