Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 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 Nov 7th, 2018 at 52.7855
The intermediate term trend has been DOWN since Feb 10th, 2019 at 52.0150
The short term trend has been DOWN since Feb 13th, 2019 at 51.9200
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).