Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
New Zealand Dollar/Philippine Peso (FOREX:NZDPHP)
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 NZDPHP
The long term trend has been UP since Dec 12th, 2019 at 33.539500
The intermediate term trend has been DOWN since Jan 13th, 2020 at 33.389079
The short term trend has been DOWN since Jan 21st, 2020 at 33.625943
Smart Scan Analysis for NZDPHP
Based on a pre-defined weighted trend formula for chart analysis, NZDPHP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).