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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

US Dollar/Philippine Peso (FOREX:USDPHP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_USDPHP
Open High Low USDPHP Price Change
51.5655 51.5655 51.5055 51.5055 -0.0600
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long term trend has been DOWN since Apr 12th, 2019 at 51.6615

intermediate term down The intermediate term trend has been DOWN since Sep 4th, 2019 at 51.8670

short term down The short term trend has been DOWN since Oct 10th, 2019 at 51.6975

Smart Scan Analysis for USDPHP

Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.5655 51.5655 51.5055 51.5055 -0.0600
Prev. Close Volume Bid Ask Time
51.5655 51.4970 51.5140 2019-10-14 09:17:18
Want to analyze US Dollar/Philippine Peso USDPHP or another symbol? Try our Free Forex Trend Analysis Report.