Forex Trend Analysis Report
Prepared for you on Saturday, March 17, 2018.
US Dollar/Philippine Peso (FOREX:USDPHP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 USDPHP
The long term trend has been UP since Feb 1st, 2018 at 51.6940
The intermediate term trend has been UP since Jan 10th, 2018 at 50.5215
The short term trend has been DOWN since Mar 16th, 2018 at 51.8915
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).