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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Swedish Krona/Mexican Peso (FOREX:SEKMXN)

Strong Downtrend (-100) - SEKMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SEKMXN continues to fall. Traders should use caution and set stops.

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
1.557680 1.559295 1.547465 1.552745 -0.004935
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 1.607565

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 20th, 2024 at 1.607670

Smart Scan Analysis for SEKMXN

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

-100
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.557680 1.559295 1.547465 1.552745 -0.004935
Prev. Close Volume Bid Ask Time
1.557680 2024-03-28 18:06:01
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