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.
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 Nov 17th, 2020 at 0.12978459
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).