Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Euro/Philippine Peso (FOREX:EURPHP)
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 EURPHP
The long term trend has been DOWN since May 1st, 2018 at 62.3461
The intermediate term trend has been UP since Jun 11th, 2018 at 62.3130
The short term trend has been DOWN since Jul 18th, 2018 at 62.2870
Smart Scan Analysis for EURPHP
Based on a pre-defined weighted trend formula for chart analysis, EURPHP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).