Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Danish Krone (FOREX:MXNDKK)
Sidelines Mode (-55) - MXNDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MXNDKK
The long-term trend has been DOWN since Apr 18th, 2024 at 0.39485867
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.41420543
The short-term trend has been UP since May 7th, 2024 at 0.41088340
Smart Scan Analysis for MXNDKK
Based on our trend formula, MXNDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.41012716 | 0.41051000 | 0.40960278 | 0.41044500 | +0.00031800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.41012716 | 2024-05-09 04:51:33 |