Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 ZARPHP
The long term trend has been DOWN since May 1st, 2018 at 4.13645
The intermediate term trend has been DOWN since Apr 6th, 2018 at 4.30705
The short term trend has been UP since May 23rd, 2018 at 4.18175
Smart Scan Analysis for ZARPHP
Based on a pre-defined weighted trend formula for chart analysis, ZARPHP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).