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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.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
1.97070 1.97368 1.95727 1.96140 -0.00930
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term down The long-term trend has been DOWN since Dec 13th, 2021 at 2.296860

intermediate term down The intermediate-term trend has been DOWN since Apr 4th, 2022 at 2.102365

short term down 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).

-100
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.97070 1.97368 1.95727 1.96140 -0.00930
Prev. Close Volume Bid Ask Time
1.97070 2022-06-24 17:03:04
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