Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Philippine Peso/Danish Krone (FOREX:PHPDKK)
Bull Market Weakness (+75) - PHPDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PHPDKK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid PHPDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPDKK
The long-term trend has been DOWN since Apr 12th, 2023 at 0.12363646
The intermediate-term trend has been UP since May 18th, 2023 at 0.12329926
The short-term trend has been UP since Jun 2nd, 2023 at 0.12434417
Smart Scan Analysis for PHPDKK
Based on our trend formula, PHPDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).