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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.

FOREX_PHPDKK
Open High Low PHPDKK Price Change
0.12408176 0.12414349 0.12358954 0.12374007 -0.00034200
Entry Signal

MarketClub’s Trade Triangles for PHPDKK

long term down The long-term trend has been DOWN since Apr 12th, 2023 at 0.12363646

intermediate term up The intermediate-term trend has been UP since May 18th, 2023 at 0.12329926

short term up 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).

+70
Smart Scan Analysis for PHPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12408176 0.12414349 0.12358954 0.12374007 -0.00034200
Prev. Close Volume Bid Ask Time
0.12408176 2023-06-05 16:02:08
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