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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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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 DOWN since May 29th, 2024 at 0.40695115
The short-term trend has been DOWN since Jul 15th, 2024 at 0.38349920
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.37317422 | 0.37558881 | 0.37157498 | 0.37238355 | -0.00079100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.37317422 | 2024-07-26 17:00:42 |