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.
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 DOWN since Dec 6th, 2018 at 2.29885
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).