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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.

FOREX_MXNDKK
Open High Low MXNDKK Price Change
0.37195500 0.37211911 0.37073500 0.37145000 -0.00050500
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term up The long-term trend has been UP since Nov 8th, 2019 at 0.35436500

intermediate term up The intermediate-term trend has been UP since Dec 12th, 2019 at 0.35260183

short term up 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).

+90
Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37195500 0.37211911 0.37073500 0.37145000 -0.00050500
Prev. Close Volume Bid Ask Time
0.37195500 0.37134000 0.37156000 2020-02-17 17:44:00
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