Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Danish Krone/Mexican Peso (FOREX:DKKMXN)
Bull Market Weakness (+75) - DKKMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DKKMXN as it may be in the beginning stages of a reversal.
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 DOWN since Oct 19th, 2020 at 3.31778
The intermediate-term trend has been UP since Nov 4th, 2020 at 3.38665
The short-term trend has been UP since Nov 27th, 2020 at 3.21681
Smart Scan Analysis for DKKMXN
Based on our trend formula, DKKMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).