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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Mexican Peso/Danish Krone (FOREX:MXNDKK)
Strong Downtrend (-100) - MXNDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNDKK continues to fall. Traders should use caution and set stops.
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.
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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 DOWN since May 3rd, 2024 at 0.40726000
Smart Scan Analysis for MXNDKK
Based on our trend formula, MXNDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.40914000 | 0.41057954 | 0.40656213 | 0.40830920 | -0.00083100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.40914000 | 2024-05-03 17:01:13 |