Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Danish Krone/Mexican Peso (FOREX:DKKMXN)
Countertrend Up (+85) - DKKMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DKKMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DKKMXN
The long-term trend has been UP since Feb 28th, 2020 at 2.910450
The intermediate-term trend has been UP since Feb 26th, 2020 at 2.804285
The short-term trend has been DOWN since Apr 7th, 2020 at 3.531755
Smart Scan Analysis for DKKMXN
Based on our trend formula, DKKMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).