Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Philippine Peso/South African Rand (FOREX:PHPZAR)
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 PHPZAR
The long term trend has been DOWN since Jan 30th, 2019 at 0.257640
The intermediate term trend has been UP since Feb 11th, 2019 at 0.264830
The short term trend has been UP since Feb 5th, 2019 at 0.256595
Smart Scan Analysis for PHPZAR
Based on a pre-defined weighted trend formula for chart analysis, PHPZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).