Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Euro/Philippine Peso (FOREX:EURPHP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 EURPHP
The long term trend has been UP since Jan 6th, 2020 at 57.175
The intermediate term trend has been DOWN since Jan 10th, 2020 at 56.126
The short term trend has been UP since Jan 14th, 2020 at 56.367
Smart Scan Analysis for EURPHP
Based on a pre-defined weighted trend formula for chart analysis, EURPHP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).