Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
/Philippine Peso (FOREX:CNHPHP)
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 CNHPHP
The long term trend has been DOWN since Oct 29th, 2018 at 7.7418
The intermediate term trend has been DOWN since Feb 12th, 2019 at 7.7659
The short term trend has been UP since Feb 22nd, 2019 at 7.7177
Smart Scan Analysis for CNHPHP
Based on a pre-defined weighted trend formula for chart analysis, CNHPHP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).