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.
MarketClub’s Trade Triangles for SEKMXN
The long-term trend has been UP since Feb 28th, 2020 at 2.058975
The intermediate-term trend has been UP since Jun 11th, 2020 at 2.453885
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).