Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
British Pound/Philippine Peso (FOREX:GBPPHP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 GBPPHP
The long term trend has been DOWN since Nov 15th, 2018 at 67.7020
The intermediate term trend has been DOWN since Oct 19th, 2018 at 70.1650
The short term trend has been DOWN since Nov 15th, 2018 at 68.3255
Smart Scan Analysis for GBPPHP
Based on a pre-defined weighted trend formula for chart analysis, GBPPHP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).