Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Mexican Peso/Danish Krone (FOREX:MXNDKK)
Long-Term Downtrend (-90) - MXNDKK is in a strong downtrend that is likely to continue. While MXNDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MXNDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNDKK
The long-term trend has been DOWN since Feb 25th, 2021 at 0.29343500
The intermediate-term trend has been DOWN since Jan 28th, 2021 at 0.30163090
The short-term trend has been DOWN since Feb 25th, 2021 at 0.29404706
Smart Scan Analysis for MXNDKK
Based on our trend formula, MXNDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).