Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Mexican Peso/Danish Krone (FOREX:MXNDKK)
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 MXNDKK
The long term trend has been DOWN since May 31st, 2019 at 0.339060
The intermediate term trend has been UP since Jul 8th, 2019 at 0.350175
The short term trend has been DOWN since Jul 17th, 2019 at 0.348565
Smart Scan Analysis for MXNDKK
Based on a pre-defined weighted trend formula for chart analysis, MXNDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).