Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
British Pound/Philippine Peso (FOREX:GBPPHP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPPHP
The long term trend has been UP since Mar 11th, 2019 at 69.4065
The intermediate term trend has been DOWN since Apr 5th, 2019 at 67.7315
The short term trend has been DOWN since Mar 28th, 2019 at 69.0885
Smart Scan Analysis for GBPPHP
Based on a pre-defined weighted trend formula for chart analysis, GBPPHP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).