Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
US Dollar/Philippine Peso (FOREX:USDPHP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 USDPHP
The long term trend has been UP since Feb 1st, 2018 at 51.6940
The intermediate term trend has been UP since Aug 13th, 2018 at 53.5955
The short term trend has been DOWN since Sep 19th, 2018 at 54.0105
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).