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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Danish Krone/Philippine Peso (FOREX:DKKPHP)
Sidelines Mode (+55) - DKKPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DKKPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DKKPHP.
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 DKKPHP
The long-term trend has been DOWN since Mar 8th, 2024 at 7.981665
The intermediate-term trend has been UP since Apr 24th, 2024 at 8.266122
The short-term trend has been DOWN since May 9th, 2024 at 8.242844
Smart Scan Analysis for DKKPHP
Based on our trend formula, DKKPHP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.267621 | 8.291548 | 8.232730 | 8.280595 | +0.012974 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.267621 | 2024-05-09 13:25:53 |