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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Mexican Peso/Danish Krone (FOREX:MXNDKK)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

FOREX_MXNDKK
Open High Low MXNDKK Price Change
0.351155 0.351730 0.348925 0.349860 -0.001295
Entry Signal

MarketClub’s Trade Triangles for MXNDKK

long term down The long term trend has been DOWN since Aug 25th, 2019 at 0.333700

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 0.350500

short term down The short term trend has been DOWN since Oct 17th, 2019 at 0.350025

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).

+55
Smart Scan Analysis for MXNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.351155 0.351730 0.348925 0.349860 -0.001295
Prev. Close Volume Bid Ask Time
0.351155 0.349800 0.349920 2019-10-17 19:19:34
Want to analyze Mexican Peso/Danish Krone MXNDKK or another symbol? Try our Free Forex Trend Analysis Report.