Forex Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
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.
MarketClub’s Trade Triangles for SEKMXN
The long-term trend has been DOWN since Dec 13th, 2021 at 2.296860
The intermediate-term trend has been DOWN since Apr 4th, 2022 at 2.102365
The short-term trend has been DOWN since Jun 15th, 2022 at 1.989165
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).