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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
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.
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MarketClub’s Trade Triangles for MXNDKK
The long-term trend has been UP since Dec 20th, 2024 at 0.35585710
The intermediate-term trend has been DOWN since Dec 30th, 2024 at 0.34873500
The short-term trend has been DOWN since Jan 16th, 2025 at 0.35046367
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.34871000 | 0.35052572 | 0.34620768 | 0.34965500 | +0.00094500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.34871000 | 2025-01-20 09:37:40 |