Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Philippine Peso/US Dollar (FOREX:PHPUSD)
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 PHPUSD
The long term trend has been UP since Nov 7th, 2018 at 0.018943
The intermediate term trend has been UP since Dec 31st, 2018 at 0.019053
The short term trend has been DOWN since Jan 17th, 2019 at 0.019124
Smart Scan Analysis for PHPUSD
Based on a pre-defined weighted trend formula for chart analysis, PHPUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).