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.
MarketClub’s Trade Triangles for DKKMXN
The long-term trend has been UP since Oct 8th, 2021 at 3.2290991
The intermediate-term trend has been UP since Sep 28th, 2021 at 3.1881350
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).