Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Mexican Peso/Danish Krone (FOREX:MXNDKK)
Crossroads (+60) - MXNDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 28th, 2020 at 0.343585
The intermediate-term trend has been UP since May 10th, 2020 at 0.291805
The short-term trend has been UP since Jun 1st, 2020 at 0.304825
Smart Scan Analysis for MXNDKK
Based on our trend formula, MXNDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).