Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
British Pound/Philippine Peso (FOREX:GBPPHP)
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 GBPPHP
The long term trend has been UP since Dec 5th, 2016 at 63.430
The intermediate term trend has been DOWN since Nov 2nd, 2017 at 67.202
The short term trend has been UP since Nov 17th, 2017 at 67.303
Smart Scan Analysis for GBPPHP
Based on a pre-defined weighted trend formula for chart analysis, GBPPHP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).