Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Philippine Peso/South African Rand (FOREX:PHPZAR)
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 PHPZAR
The long term trend has been UP since Oct 8th, 2017 at 0.269640
The intermediate term trend has been UP since Oct 25th, 2017 at 0.270215
The short term trend has been DOWN since Nov 16th, 2017 at 0.279935
Smart Scan Analysis for PHPZAR
Based on a pre-defined weighted trend formula for chart analysis, PHPZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).