Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Euro/Philippine Peso (FOREX:EURPHP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 EURPHP
The long term trend has been DOWN since Oct 31st, 2018 at 60.552
The intermediate term trend has been DOWN since Jul 1st, 2019 at 57.966
The short term trend has been UP since Jul 19th, 2019 at 57.484
Smart Scan Analysis for EURPHP
Based on a pre-defined weighted trend formula for chart analysis, EURPHP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).