Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
Philippine Peso/Icelandic Krona (FOREX:PHPISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 PHPISK
The long term trend has been UP since May 16th, 2018 at 1.99340
The intermediate term trend has been UP since Sep 7th, 2018 at 2.05620
The short term trend has been DOWN since Sep 13th, 2018 at 2.06975
Smart Scan Analysis for PHPISK
Based on a pre-defined weighted trend formula for chart analysis, PHPISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).