Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 PHPUSD
The long term trend has been UP since Oct 30th, 2019 at 0.01969600
The intermediate term trend has been DOWN since Jan 2nd, 2020 at 0.01961845
The short term trend has been UP since Jan 24th, 2020 at 0.01966929
Smart Scan Analysis for PHPUSD
Based on a pre-defined weighted trend formula for chart analysis, PHPUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).