Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Philippine Peso/South African Rand (FOREX:PHPZAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 May 1st, 2018 at 0.24175
The intermediate term trend has been DOWN since Sep 21st, 2018 at 0.26327
The short term trend has been DOWN since Sep 19th, 2018 at 0.27376
Smart Scan Analysis for PHPZAR
Based on a pre-defined weighted trend formula for chart analysis, PHPZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).