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Forex Trend Analysis Report

Prepared for you on Monday, December 17, 2018.

Philippine Peso/Icelandic Krona (FOREX:PHPISK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

Open High Low PHPISK Price Change
2.3220 2.3227 2.3147 2.3150 -0.0070
Entry Signal

MarketClub’s Trade Triangles for PHPISK

long term up The long term trend has been UP since May 16th, 2018 at 1.99340

intermediate term down The intermediate term trend has been DOWN since Dec 6th, 2018 at 2.29885

short term down The short term trend has been DOWN since Dec 14th, 2018 at 2.32975

Smart Scan Analysis for PHPISK

Based on a pre-defined weighted trend formula for chart analysis, PHPISK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for PHPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3220 2.3227 2.3147 2.3150 -0.0070
Prev. Close Volume Bid Ask Time
2.3220 2.3089 2.3211 2018-12-17 11:23:55
Want to analyze Philippine Peso/Icelandic Krona PHPISK or another symbol? Try our Free Forex Trend Analysis Report.