Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Philippine Peso/New Zealand Dollar (FOREX:PHPNZD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 PHPNZD
The long term trend has been DOWN since Dec 3rd, 2018 at 0.027561
The intermediate term trend has been DOWN since Nov 6th, 2018 at 0.028109
The short term trend has been UP since Dec 12th, 2018 at 0.027661
Smart Scan Analysis for PHPNZD
Based on a pre-defined weighted trend formula for chart analysis, PHPNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).