Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
US Dollar/Philippine Peso (FOREX:USDPHP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 USDPHP
The long term trend has been DOWN since Apr 12th, 2019 at 51.6615
The intermediate term trend has been DOWN since Jan 8th, 2020 at 50.5350
The short term trend has been UP since Jan 14th, 2020 at 50.6800
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).