Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

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_DKKMXN
Open High Low DKKMXN Price Change
2.883175 2.892600 2.883125 2.891055 +0.007880
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term up The long term trend has been UP since Nov 13th, 2018 at 3.101530

intermediate term down The intermediate term trend has been DOWN since Dec 16th, 2018 at 3.041880

short term down The short term trend has been DOWN since Jan 2nd, 2019 at 3.007295

Smart Scan Analysis for DKKMXN

Based on a pre-defined weighted trend formula for chart analysis, DKKMXN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.883175 2.892600 2.883125 2.891055 +0.007880
Prev. Close Volume Bid Ask Time
2.883175 2.890330 2.891780 2019-01-17 05:31:55
Want to analyze Danish Krone/Mexican Peso DKKMXN or another symbol? Try our Free Forex Trend Analysis Report.