Forex Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
Danish Krone/Philippine Peso (FOREX:DKKPHP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DKKPHP
The long term trend has been DOWN since Aug 10th, 2018 at 8.15975
The intermediate term trend has been UP since Aug 5th, 2019 at 7.71710
The short term trend has been DOWN since Aug 16th, 2019 at 7.77490
Smart Scan Analysis for DKKPHP
Based on a pre-defined weighted trend formula for chart analysis, DKKPHP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).