Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Euro/Philippine Peso (FOREX:EURPHP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for EURPHP
The long term trend has been DOWN since Oct 31st, 2018 at 60.5520
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 59.5855
The short term trend has been DOWN since Feb 13th, 2019 at 58.7035
Smart Scan Analysis for EURPHP
Based on a pre-defined weighted trend formula for chart analysis, EURPHP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).