Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Philippine Peso/Norwegian Krone (FOREX:PHPNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 PHPNOK
The long term trend has been UP since May 2nd, 2019 at 0.1685
The intermediate term trend has been UP since Jul 16th, 2019 at 0.1682
The short term trend has been DOWN since Aug 21st, 2019 at 0.1712
Smart Scan Analysis for PHPNOK
Based on a pre-defined weighted trend formula for chart analysis, PHPNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).