Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Philippine Peso/Danish Krone (FOREX:PHPDKK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 PHPDKK
The long term trend has been UP since Aug 10th, 2018 at 0.122550
The intermediate term trend has been DOWN since May 9th, 2019 at 0.127245
The short term trend has been DOWN since May 17th, 2019 at 0.126700
Smart Scan Analysis for PHPDKK
Based on a pre-defined weighted trend formula for chart analysis, PHPDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).