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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_DKKMXN
Open High Low DKKMXN Price Change
2.777215 2.788445 2.774565 2.780895 +0.003680
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term down The long term trend has been DOWN since Nov 8th, 2019 at 2.821870

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 2.836062

short term down The short term trend has been DOWN since Jan 17th, 2020 at 2.793055

Smart Scan Analysis for DKKMXN

Based on a pre-defined weighted trend formula for chart analysis, DKKMXN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.777215 2.788445 2.774565 2.780895 +0.003680
Prev. Close Volume Bid Ask Time
2.777215 2.780400 2.781390 2020-01-21 23:09:24
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