Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
New Zealand Dollar/Philippine Peso (FOREX:NZDPHP)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 NZDPHP
The long term trend has been UP since Dec 3rd, 2018 at 36.2830
The intermediate term trend has been DOWN since Dec 27th, 2018 at 35.5045
The short term trend has been DOWN since Jan 15th, 2019 at 35.5115
Smart Scan Analysis for NZDPHP
Based on a pre-defined weighted trend formula for chart analysis, NZDPHP scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).