Forex Trend Analysis Report
Prepared for you on Wednesday, November 22, 2017.
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 Aug 28th, 2017 at 2.86927
The intermediate term trend has been DOWN since Nov 21st, 2017 at 2.96087
The short term trend has been DOWN since Nov 17th, 2017 at 2.99585
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).