Forex Trend Analysis Report
Prepared for you on Thursday, January 18, 2018.
Philippine Peso/Icelandic Krona (FOREX:PHPISK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Nov 9th, 2017 at 2.02310
The intermediate term trend has been DOWN since Jan 12th, 2018 at 2.06185
The short term trend has been DOWN since Dec 27th, 2017 at 2.11140
Smart Scan Analysis for PHPISK
Based on a pre-defined weighted trend formula for chart analysis, PHPISK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).