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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Philippine Peso/Danish Krone (FOREX:PHPDKK)

Long-Term Downtrend (-90) - PHPDKK is in a strong downtrend that is likely to continue. While PHPDKK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_PHPDKK
Open High Low PHPDKK Price Change
0.12762200 0.12769763 0.12726795 0.12752213 -0.00010000
Entry Signal

MarketClub’s Trade Triangles for PHPDKK

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 0.12795545

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2020 at 0.12978459

short term down The short-term trend has been DOWN since Nov 17th, 2020 at 0.12992977

Smart Scan Analysis for PHPDKK

Based on our trend formula, PHPDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PHPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12762200 0.12769763 0.12726795 0.12752213 -0.00010000
Prev. Close Volume Bid Ask Time
0.12762200 2020-12-04 08:58:45
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