Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Philippine Peso/New Zealand Dollar (FOREX:PHPNZD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since May 1st, 2018 at 0.027510
The intermediate term trend has been DOWN since May 28th, 2018 at 0.027340
The short term trend has been UP since Jun 15th, 2018 at 0.027025
Smart Scan Analysis for PHPNZD
Based on a pre-defined weighted trend formula for chart analysis, PHPNZD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).