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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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
0.36846481 0.37084500 0.36814000 0.36955404 +0.00108900
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.3849573

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.3771042

short term down The short-term trend has been DOWN since Mar 20th, 2023 at 0.3670700

Smart Scan Analysis for MXNDKK

Based on our trend formula, MXNDKK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.36846481 0.37084500 0.36814000 0.36955404 +0.00108900
Prev. Close Volume Bid Ask Time
0.36846481 2023-03-21 11:29:24
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