Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Philippine Peso/New Zealand Dollar (FOREX:PHPNZD)
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 PHPNZD
The long term trend has been DOWN since Dec 3rd, 2018 at 0.027561
The intermediate term trend has been UP since Feb 7th, 2019 at 0.028345
The short term trend has been UP since Feb 19th, 2019 at 0.027973
Smart Scan Analysis for PHPNZD
Based on a pre-defined weighted trend formula for chart analysis, PHPNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).