Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Australian Dollar/Philippine Peso (FOREX:AUDPHP)
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 AUDPHP
The long term trend has been DOWN since Apr 30th, 2018 at 38.952500
The intermediate term trend has been DOWN since Jan 24th, 2020 at 34.705817
The short term trend has been DOWN since Jan 21st, 2020 at 34.965083
Smart Scan Analysis for AUDPHP
Based on a pre-defined weighted trend formula for chart analysis, AUDPHP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).