Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Swedish Krona/Mexican Peso (FOREX:SEKMXN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SEKMXN
The long term trend has been DOWN since Oct 7th, 2019 at 1.972980
The intermediate term trend has been UP since Nov 1st, 2019 at 1.999905
The short term trend has been UP since Nov 12th, 2019 at 1.990200
Smart Scan Analysis for SEKMXN
Based on a pre-defined weighted trend formula for chart analysis, SEKMXN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).