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.
MarketClub’s Trade Triangles for DKKMXN
The long term trend has been UP since Nov 13th, 2018 at 3.101530
The intermediate term trend has been DOWN since Dec 16th, 2018 at 3.041880
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).