Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Philippine Peso/Danish Krone (FOREX:PHPDKK)
Countertrend Down (-85) - PHPDKK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for PHPDKK
The long-term trend has been DOWN since Dec 2nd, 2020 at 0.12795545
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.12708632
The short-term trend has been UP since Feb 26th, 2021 at 0.12608111
Smart Scan Analysis for PHPDKK
Based on our trend formula, PHPDKK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).