Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
New Zealand Dollar/Philippine Peso (FOREX:NZDPHP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 DOWN since May 1st, 2018 at 36.3525
The intermediate term trend has been DOWN since Apr 20th, 2018 at 37.5865
The short term trend has been UP since May 21st, 2018 at 36.2440
Smart Scan Analysis for NZDPHP
Based on a pre-defined weighted trend formula for chart analysis, NZDPHP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).