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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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
3.3731557 3.3799700 3.3641803 3.3644100 -0.0087460
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term up The long-term trend has been UP since Feb 25th, 2021 at 3.4078950

intermediate term up The intermediate-term trend has been UP since Jan 28th, 2021 at 3.3153102

short term up The short-term trend has been UP since Feb 16th, 2021 at 3.2684979

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
3.3731557 3.3799700 3.3641803 3.3644100 -0.0087460
Prev. Close Volume Bid Ask Time
3.3731557 2021-03-01 09:06:09
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