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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Weak Uptrend (+65) - DKKMXN is showing signs of weakening momentum to the upside. Monitor DKKMXN as it may be in the beginning stages of a reversal.

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
3.1748450 3.1942550 3.1702438 3.1887400 +0.0138950
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term up The long-term trend has been UP since Oct 8th, 2021 at 3.2290991

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 3.1881350

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 3.2163250

Smart Scan Analysis for DKKMXN

Based on our trend formula, DKKMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1748450 3.1942550 3.1702438 3.1887400 +0.0138950
Prev. Close Volume Bid Ask Time
3.1748450 2021-10-18 23:46:33
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