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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Mexican Peso/Danish Krone (FOREX:MXNDKK)
Bull Market Weakness (+75) - MXNDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNDKK as it may be in the beginning stages of a reversal.
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 DOWN since Apr 18th, 2024 at 0.39485867
The intermediate-term trend has been UP since Nov 19th, 2024 at 0.34976274
The short-term trend has been UP since Nov 14th, 2024 at 0.34560785
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.35006605 | 0.35070000 | 0.34983407 | 0.35035818 | +0.00029200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.35006605 | 2024-11-20 03:49:40 |