Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
US Dollar/Philippine Peso (FOREX:USDPHP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Nov 7th, 2018 at 52.7855
The intermediate term trend has been DOWN since Oct 16th, 2018 at 53.8870
The short term trend has been DOWN since Nov 14th, 2018 at 52.9905
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).