Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ZARPHP
The long term trend has been DOWN since Jan 2nd, 2019 at 3.59325
The intermediate term trend has been UP since Jan 4th, 2019 at 3.75445
The short term trend has been DOWN since Jan 21st, 2019 at 3.79330
Smart Scan Analysis for ZARPHP
Based on a pre-defined weighted trend formula for chart analysis, ZARPHP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).