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.
MarketClub’s Trade Triangles for DKKMXN
The long-term trend has been UP since Feb 28th, 2020 at 2.91045
The intermediate-term trend has been UP since Jun 26th, 2020 at 3.47246
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).