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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.

FOREX_SEKMXN
Open High Low SEKMXN Price Change
2.399935 2.402315 2.390055 2.391350 -0.008585
Entry Signal

MarketClub’s Trade Triangles for SEKMXN

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 2.336765

intermediate term up The intermediate-term trend has been UP since Apr 27th, 2021 at 2.376505

short term up 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).

-60
Smart Scan Analysis for SEKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.399935 2.402315 2.390055 2.391350 -0.008585
Prev. Close Volume Bid Ask Time
2.399935 2021-06-23 08:43:21
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