Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
British Pound/Philippine Peso (FOREX:GBPPHP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 63.4300
The intermediate term trend has been UP since Jan 8th, 2018 at 67.8375
The short term trend has been DOWN since Feb 20th, 2018 at 72.8795
Smart Scan Analysis for GBPPHP
Based on a pre-defined weighted trend formula for chart analysis, GBPPHP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).