Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Philippine Peso/Swedish Krona (FOREX:PHPSEK)
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 PHPSEK
The long term trend has been UP since Nov 1st, 2017 at 0.16255
The intermediate term trend has been DOWN since Dec 29th, 2017 at 0.16440
The short term trend has been DOWN since Dec 27th, 2017 at 0.16655
Smart Scan Analysis for PHPSEK
Based on a pre-defined weighted trend formula for chart analysis, PHPSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).