Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Philippine Peso/US Dollar (FOREX:PHPUSD)
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 PHPUSD
The long term trend has been DOWN since Aug 15th, 2019 at 0.018954
The intermediate term trend has been UP since Sep 6th, 2019 at 0.019414
The short term trend has been UP since Sep 20th, 2019 at 0.019190
Smart Scan Analysis for PHPUSD
Based on a pre-defined weighted trend formula for chart analysis, PHPUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).