Forex Trend Analysis Report
Prepared for you on Monday, June 25, 2018.
US Dollar/Philippine Peso (FOREX:USDPHP)
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 USDPHP
The long term trend has been UP since Feb 1st, 2018 at 51.6940
The intermediate term trend has been UP since May 14th, 2018 at 52.6250
The short term trend has been DOWN since Jun 19th, 2018 at 53.2685
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).