Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Danish Krone/Mexican Peso (FOREX:DKKMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for DKKMXN
The long term trend has been UP since May 15th, 2018 at 3.151885
The intermediate term trend has been UP since Jun 5th, 2018 at 3.161930
The short term trend has been DOWN since Jun 15th, 2018 at 3.222105
Smart Scan Analysis for DKKMXN
Based on a pre-defined weighted trend formula for chart analysis, DKKMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).