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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.

FOREX_DKKMXN
Open High Low DKKMXN Price Change
3.5758700 3.5764745 3.4829200 3.5556050 -0.0202650
Entry Signal

MarketClub’s Trade Triangles for DKKMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 2.910450

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2020 at 2.804285

short term down 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).

+85
Smart Scan Analysis for DKKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5758700 3.5764745 3.4829200 3.5556050 -0.0202650
Prev. Close Volume Bid Ask Time
3.5758700 3.5543000 3.5569100 2020-04-07 16:41:13
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