Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
US Dollar/Philippine Peso (FOREX:USDPHP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 USDPHP
The long term trend has been DOWN since Apr 12th, 2019 at 51.6615
The intermediate term trend has been UP since Dec 2nd, 2019 at 51.0400
The short term trend has been DOWN since Dec 5th, 2019 at 50.8650
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).