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Forex Trend Analysis Report

Prepared for you on Wednesday, May 31, 2023.

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
8.077011 8.090620 8.042326 8.057574 -0.019437
Entry Signal

MarketClub’s Trade Triangles for DKKPHP

long term up The long-term trend has been UP since Apr 12th, 2023 at 8.089493

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2023 at 8.111950

short term up The short-term trend has been UP since May 29th, 2023 at 8.083525

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
8.077011 8.090620 8.042326 8.057574 -0.019437
Prev. Close Volume Bid Ask Time
8.077011 2023-05-31 12:33:56
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