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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.

FOREX_MXNDKK
Open High Low MXNDKK Price Change
0.29168500 0.29461209 0.29124500 0.29351175 +0.00182700
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term down The long-term trend has been DOWN since Feb 25th, 2021 at 0.29343500

intermediate term down The intermediate-term trend has been DOWN since Jan 28th, 2021 at 0.30163090

short term down 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).

-90
Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29168500 0.29461209 0.29124500 0.29351175 +0.00182700
Prev. Close Volume Bid Ask Time
0.29168500 2021-02-26 05:40:57
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