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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
Danish Krone/Mexican Peso (FOREX:DKKMXN)
Bear Market Rally (-75) - DKKMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKMXN as it may be in the beginning 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.
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MarketClub’s Trade Triangles for DKKMXN
The long-term trend has been DOWN since Dec 20th, 2024 at 2.8101258
The intermediate-term trend has been UP since Dec 30th, 2024 at 2.8674834
The short-term trend has been DOWN since Jan 2nd, 2025 at 2.8379581
Smart Scan Analysis for DKKMXN
Based on our trend formula, DKKMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.8951200 | 2.8961800 | 2.8333956 | 2.8381450 | -0.0569750 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.8951200 | 2025-01-02 12:23:59 |