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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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.

FOREX_MXNDKK
Open High Low MXNDKK Price Change
0.3039950 0.3043018 0.3029650 0.3038350 -0.0001600
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.343585

intermediate term up The intermediate-term trend has been UP since May 10th, 2020 at 0.291805

short term up The short-term trend has been UP since Jun 1st, 2020 at 0.304825

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).

+60
Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3039950 0.3043018 0.3029650 0.3038350 -0.0001600
Prev. Close Volume Bid Ask Time
0.3039950 0.3037900 0.3038800 2020-06-02 05:44:05
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