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.
MarketClub’s Trade Triangles for MXNDKK
The long-term trend has been DOWN since Oct 8th, 2021 at 0.30968422
The intermediate-term trend has been DOWN since Nov 25th, 2021 at 0.30654176
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).