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Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Danish Krone/Mexican Peso (FOREX:DKKMXN)
Sidelines Mode (+55) - DKKMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for DKKMXN
The long-term trend has been DOWN since Mar 1st, 2023 at 2.5978700
The intermediate-term trend has been UP since Mar 12th, 2023 at 2.6520341
The short-term trend has been DOWN since Mar 22nd, 2023 at 2.6879974
Smart Scan Analysis for DKKMXN
Based on our trend formula, DKKMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.7020500 | 2.7081798 | 2.6595831 | 2.6628354 | -0.0392150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7020500 | 2023-03-24 19:13:08 |