Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Danish Krone/Mexican Peso (FOREX:DKKMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DKKMXN
The long term trend has been DOWN since Jan 24th, 2019 at 2.878620
The intermediate term trend has been UP since May 9th, 2019 at 2.875150
The short term trend has been DOWN since May 15th, 2019 at 2.869155
Smart Scan Analysis for DKKMXN
Based on a pre-defined weighted trend formula for chart analysis, DKKMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).