Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
Philippine Peso/Australian Dollar (FOREX:PHPAUD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 PHPAUD
The long term trend has been UP since Apr 30th, 2018 at 0.025675
The intermediate term trend has been UP since Apr 11th, 2019 at 0.027068
The short term trend has been UP since Jun 12th, 2019 at 0.027730
Smart Scan Analysis for PHPAUD
Based on a pre-defined weighted trend formula for chart analysis, PHPAUD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).