Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
British Pound/Philippine Peso (FOREX:GBPPHP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since May 21st, 2019 at 66.8620
The intermediate term trend has been UP since Sep 11th, 2019 at 64.5065
The short term trend has been UP since Sep 4th, 2019 at 63.4415
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).