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.
MarketClub’s Trade Triangles for PHPZAR
The long term trend has been DOWN since Dec 18th, 2017 at 0.250025
The intermediate term trend has been DOWN since Nov 27th, 2017 at 0.273120
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).