Forex Trend Analysis Report
Prepared for you on Wednesday, January 18, 2017.
Philippine Peso/Danish Krone (FOREX:PHPDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 PHPDKK
The long term trend has been UP since Dec 20th, 2016 at 0.143575
The intermediate term trend has been DOWN since Jan 10th, 2017 at 0.141525
The short term trend has been DOWN since Jan 12th, 2017 at 0.141395
Smart Scan Analysis for PHPDKK
Based on a pre-defined weighted trend formula for chart analysis, PHPDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).