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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.

Open High Low MXNDKK Price Change
0.34868 0.35007 0.34822 0.34871 +0.00003
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term down The long term trend has been DOWN since May 31st, 2019 at 0.339060

intermediate term up The intermediate term trend has been UP since Jul 8th, 2019 at 0.350175

short term down 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).

Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34868 0.35007 0.34822 0.34871 +0.00003
Prev. Close Volume Bid Ask Time
0.34868 0.34865 0.34877 2019-07-17 20:59:13
Want to analyze Mexican Peso/Danish Krone MXNDKK or another symbol? Try our Free Forex Trend Analysis Report.