Forex Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
Swedish Krona/Mexican Peso (FOREX:SEKMXN)
Crossroads (-60) - SEKMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Apr 1st, 2021 at 2.336765
The intermediate-term trend has been UP since Apr 27th, 2021 at 2.376505
The short-term trend has been UP since Jun 21st, 2021 at 2.412805
Smart Scan Analysis for SEKMXN
Based on our trend formula, SEKMXN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).