Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Philippine Peso/Australian Dollar (FOREX:PHPAUD)
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 PHPAUD
The long term trend has been UP since Apr 30th, 2018 at 0.02567500
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 0.02862530
The short term trend has been UP since Jan 21st, 2020 at 0.02860271
Smart Scan Analysis for PHPAUD
Based on a pre-defined weighted trend formula for chart analysis, PHPAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).