Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
Philippine Peso/Icelandic Krona (FOREX:PHPISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Nov 9th, 2017 at 2.02310
The intermediate term trend has been DOWN since Nov 9th, 2017 at 2.02650
The short term trend has been UP since Nov 15th, 2017 at 2.03925
Smart Scan Analysis for PHPISK
Based on a pre-defined weighted trend formula for chart analysis, PHPISK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).