Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 PHPUSD
The long term trend has been DOWN since Mar 12th, 2019 at 0.018780
The intermediate term trend has been DOWN since Mar 11th, 2019 at 0.019058
The short term trend has been UP since Mar 11th, 2019 at 0.019189
Smart Scan Analysis for PHPUSD
Based on a pre-defined weighted trend formula for chart analysis, PHPUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).