Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Philippine Peso/Swedish Krona (FOREX:PHPSEK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 PHPSEK
The long term trend has been UP since Apr 26th, 2018 at 0.16425
The intermediate term trend has been UP since Jan 16th, 2019 at 0.17260
The short term trend has been UP since Feb 19th, 2019 at 0.17800
Smart Scan Analysis for PHPSEK
Based on a pre-defined weighted trend formula for chart analysis, PHPSEK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).