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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Weak Downtrend (-65) - DKKMXN is showing signs of a strengthening downtrend. Monitor DKKMXN as it may be building momentum to the downside.

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
2.8566600 2.8581435 2.8514400 2.8542000 -0.0024600
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 2.5324405

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2024 at 2.8590811

short term down The short-term trend has been DOWN since Nov 14th, 2024 at 2.8934544

Smart Scan Analysis for DKKMXN

Based on our trend formula, DKKMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8566600 2.8581435 2.8514400 2.8542000 -0.0024600
Prev. Close Volume Bid Ask Time
2.8566600 2024-11-20 03:41:21
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