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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2019.

Swedish Krona/Mexican Peso (FOREX:SEKMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
2.065325 2.067670 2.062915 2.063105 -0.002220
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term down The long term trend has been DOWN since Feb 6th, 2019 at 2.081670

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2018 at 2.213600

short term down The short term trend has been DOWN since Mar 18th, 2019 at 2.067075

Smart Scan Analysis for SEKMXN

Based on a pre-defined weighted trend formula for chart analysis, SEKMXN scored -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
2.065325 2.067670 2.062915 2.063105 -0.002220
Prev. Close Volume Bid Ask Time
2.065325 2.062360 2.063850 2019-03-19 06:05:08
Want to analyze Swedish Krona/Mexican Peso SEKMXN or another symbol? Try our Free Forex Trend Analysis Report.