Forex Trend Analysis Report
Prepared for you on Saturday, February 24, 2018.
Philippine Peso/New Zealand Dollar (FOREX:PHPNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Jan 17th, 2018 at 0.02707
The intermediate term trend has been DOWN since Dec 12th, 2017 at 0.02851
The short term trend has been UP since Feb 21st, 2018 at 0.02608
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).