Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Philippine Peso/New Zealand Dollar (FOREX:PHPNZD)
Sidelines Mode (-55) - PHPNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PHPNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPNZD
The long-term trend has been DOWN since Dec 12th, 2019 at 0.02981600
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.02995013
The short-term trend has been DOWN since Feb 24th, 2020 at 0.03088353
Smart Scan Analysis for PHPNZD
Based on our trend formula, PHPNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).