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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Danish Krone/Philippine Peso (FOREX:DKKPHP)

Sidelines Mode (-55) - DKKPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid DKKPHP?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKPHP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKPHP
Open High Low DKKPHP Price Change
8.236075 8.251262 8.232586 8.243741 +0.007666
Entry Signal

MarketClub’s Trade Triangles for DKKPHP

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 7.981665

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 8.080566

short term up The short-term trend has been UP since Apr 16th, 2024 at 8.142955

Smart Scan Analysis for DKKPHP

Based on our trend formula, DKKPHP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DKKPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.236075 8.251262 8.232586 8.243741 +0.007666
Prev. Close Volume Bid Ask Time
8.236075 2024-04-24 05:41:06
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