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.
MarketClub’s Trade Triangles for DKKMXN
The long-term trend has been DOWN since Dec 17th, 2021 at 3.1398277
The intermediate-term trend has been DOWN since Feb 14th, 2022 at 3.1045999
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).