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Forex Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Sidelines Mode (+55) - DKKMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.7020500 2.7081798 2.6595831 2.6628354 -0.0392150
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 2.5978700

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2023 at 2.6520341

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 2.6879974

Smart Scan Analysis for DKKMXN

Based on our trend formula, DKKMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7020500 2.7081798 2.6595831 2.6628354 -0.0392150
Prev. Close Volume Bid Ask Time
2.7020500 2023-03-24 19:13:08
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