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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

Danish Krone/Philippine Peso (FOREX:DKKPHP)

Bear Market Rally (-75) - DKKPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DKKPHP as it may be in the beginning of a reversal.

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.

FOREX_DKKPHP
Open High Low DKKPHP Price Change
7.636967 7.668913 7.621601 7.663844 +0.026877
Entry Signal

MarketClub’s Trade Triangles for DKKPHP

long term down The long-term trend has been DOWN since Aug 25th, 2021 at 7.733946

intermediate term down The intermediate-term trend has been DOWN since Oct 6th, 2021 at 7.892771

short term down The short-term trend has been DOWN since Dec 6th, 2021 at 7.642804

Smart Scan Analysis for DKKPHP

Based on our trend formula, DKKPHP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for DKKPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.636967 7.668913 7.621601 7.663844 +0.026877
Prev. Close Volume Bid Ask Time
7.636967 2021-12-08 18:02:39
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