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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Weak Uptrend (+65) - DKKMXN is showing signs of weakening momentum to the upside. Monitor DKKMXN as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid DKKMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKMXN
Open High Low DKKMXN Price Change
2.4382701 2.4438843 2.4345600 2.4404350 +0.0021650
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 2.5324405

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 2.4142629

short term down The short-term trend has been DOWN since May 7th, 2024 at 2.4337900

Smart Scan Analysis for DKKMXN

Based on our trend formula, DKKMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4382701 2.4438843 2.4345600 2.4404350 +0.0021650
Prev. Close Volume Bid Ask Time
2.4382701 2024-05-09 10:28:24
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