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Forex Trend Analysis Report

Prepared for you on Monday, October 19, 2020.

Mexican Peso/Danish Krone (FOREX:MXNDKK)

Strong Uptrend (+100) - MXNDKK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNDKK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid MXNDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNDKK
Open High Low MXNDKK Price Change
0.30098495 0.30186000 0.29693500 0.29820500 -0.00278000
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term up The long-term trend has been UP since Oct 19th, 2020 at 0.30141000

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2020 at 0.29837872

short term up The short-term trend has been UP since Oct 15th, 2020 at 0.29842500

Smart Scan Analysis for MXNDKK

Based on our trend formula, MXNDKK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30098495 0.30186000 0.29693500 0.29820500 -0.00278000
Prev. Close Volume Bid Ask Time
0.30098495 2020-10-19 18:56:22
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