Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Philippine Peso/US Dollar (FOREX:PHPUSD)
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 PHPUSD
The long term trend has been DOWN since Feb 2nd, 2018 at 0.019350
The intermediate term trend has been UP since Jul 9th, 2018 at 0.018800
The short term trend has been DOWN since Jul 19th, 2018 at 0.018673
Smart Scan Analysis for PHPUSD
Based on a pre-defined weighted trend formula for chart analysis, PHPUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).