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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.
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MarketClub’s Trade Triangles for DKKPHP
The long-term trend has been UP since Apr 12th, 2023 at 8.089493
The intermediate-term trend has been DOWN since May 18th, 2023 at 8.111950
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).
| 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 |