Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Philippine Peso/Australian Dollar (FOREX:PHPAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 PHPAUD
The long term trend has been UP since Apr 30th, 2018 at 0.025675
The intermediate term trend has been UP since Sep 30th, 2019 at 0.028584
The short term trend has been DOWN since Oct 11th, 2019 at 0.028615
Smart Scan Analysis for PHPAUD
Based on a pre-defined weighted trend formula for chart analysis, PHPAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).