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Forex Trend Analysis Report

Prepared for you on Sunday, August 9, 2020.

Swedish Krona/Mexican Peso (FOREX:SEKMXN)

Bull Market Weakness (+75) - SEKMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SEKMXN as it may be in the beginning stages of a reversal.

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.

Open High Low SEKMXN Price Change
2.55688 2.55832 2.55677 2.55737 +0.00049
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 2.058975

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2020 at 2.453885

short term down The short-term trend has been DOWN since Aug 7th, 2020 at 2.566860

Smart Scan Analysis for SEKMXN

Based on our trend formula, SEKMXN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.55688 2.55832 2.55677 2.55737 +0.00049
Prev. Close Volume Bid Ask Time
2.55688 2.54991 2.56483 2020-08-09 17:10:53
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