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Forex Trend Analysis Report

Prepared for you on Tuesday, February 20, 2018.

Philippine Peso/South African Rand (FOREX:PHPZAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

FOREX_PHPZAR
Open High Low PHPZAR Price Change
0.224030 0.225085 0.223305 0.224505 +0.000475
Entry Signal

MarketClub’s Trade Triangles for PHPZAR

long term down The long term trend has been DOWN since Dec 18th, 2017 at 0.250025

intermediate term down The intermediate term trend has been DOWN since Nov 27th, 2017 at 0.273120

short term up The short term trend has been UP since Feb 20th, 2018 at 0.224340

Smart Scan Analysis for PHPZAR

Based on a pre-defined weighted trend formula for chart analysis, PHPZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for PHPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.224030 0.225085 0.223305 0.224505 +0.000475
Prev. Close Volume Bid Ask Time
0.224030 0.224420 0.224590 2018-02-20 18:09:57
Want to analyze Philippine Peso/South African Rand PHPZAR or another symbol? Try our Free Forex Trend Analysis Report.