Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
Philippine Peso/Danish Krone (FOREX:PHPDKK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 13th, 2017 at 0.138305
The intermediate term trend has been DOWN since Apr 24th, 2017 at 0.138700
The short term trend has been DOWN since May 15th, 2017 at 0.136770
Smart Scan Analysis for PHPDKK
Based on a pre-defined weighted trend formula for chart analysis, PHPDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).