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Forex Trend Analysis Report

Prepared for you on Monday, May 23, 2022.

Danish Krone/Mexican Peso (FOREX:DKKMXN)

Sidelines Mode (-55) - DKKMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_DKKMXN
Open High Low DKKMXN Price Change
2.8258226 2.8565800 2.8255381 2.8564657 +0.0306430
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term down The long-term trend has been DOWN since Dec 17th, 2021 at 3.1398277

intermediate term down The intermediate-term trend has been DOWN since Feb 14th, 2022 at 3.1045999

short term up The short-term trend has been UP since May 17th, 2022 at 2.8248300

Smart Scan Analysis for DKKMXN

Based on our trend formula, DKKMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8258226 2.8565800 2.8255381 2.8564657 +0.0306430
Prev. Close Volume Bid Ask Time
2.8258226 2022-05-23 14:15:09
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