Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Philippine Peso/New Zealand Dollar (FOREX:PHPNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Oct 4th, 2017 at 0.027395
The intermediate term trend has been UP since Oct 3rd, 2017 at 0.027345
The short term trend has been UP since Oct 18th, 2017 at 0.027260
Smart Scan Analysis for PHPNZD
Based on a pre-defined weighted trend formula for chart analysis, PHPNZD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).