Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Mexican Peso/Danish Krone (FOREX:MXNDKK)
Long-Term Uptrend (+90) - MXNDKK is in a strong uptrend that is likely to continue. While MXNDKK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid
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 UP since Nov 8th, 2019 at 0.35436500
The intermediate-term trend has been UP since Dec 12th, 2019 at 0.35260183
The short-term trend has been UP since Feb 4th, 2020 at 0.36157000
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).