Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Long-Term Uptrend (+90) - DKKMXN is in a strong uptrend that is likely to continue. While DKKMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid DKKMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKMXN
Open High Low DKKMXN Price Change
3.578795 3.613130 3.568895 3.586750 +0.007955
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 2.91045

intermediate term up The intermediate-term trend has been UP since Jun 26th, 2020 at 3.47246

short term up The short-term trend has been UP since Jul 30th, 2020 at 3.49980

Smart Scan Analysis for DKKMXN

Based on our trend formula, DKKMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.578795 3.613130 3.568895 3.586750 +0.007955
Prev. Close Volume Bid Ask Time
3.578795 3.586210 3.587290 2020-08-04 22:46:52
Get a free daily analysis and signals for Danish Krone/Mexican Peso (DKKMXN) - Request Your Free Report.