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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Mexican Peso/Danish Krone (FOREX:MXNDKK)

Weak Downtrend (-65) - MXNDKK is showing signs of a strengthening downtrend. Monitor MXNDKK as it may be building momentum to the downside.

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.

FOREX_MXNDKK
Open High Low MXNDKK Price Change
0.31031060 0.31453167 0.31027954 0.31338064 +0.00307000
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.30968422

intermediate term down The intermediate-term trend has been DOWN since Nov 25th, 2021 at 0.30654176

short term up The short-term trend has been UP since Nov 30th, 2021 at 0.30495031

Smart Scan Analysis for MXNDKK

Based on our trend formula, MXNDKK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31031060 0.31453167 0.31027954 0.31338064 +0.00307000
Prev. Close Volume Bid Ask Time
0.31031060 2021-12-07 23:50:00
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