Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Philippine Peso/Australian Dollar (FOREX:PHPAUD)
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 PHPAUD
The long term trend has been UP since Apr 30th, 2018 at 0.025675
The intermediate term trend has been DOWN since Jul 18th, 2019 at 0.027759
The short term trend has been DOWN since Jul 18th, 2019 at 0.027830
Smart Scan Analysis for PHPAUD
Based on a pre-defined weighted trend formula for chart analysis, PHPAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).