Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
US Dollar/Philippine Peso (FOREX:USDPHP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Sep 4th, 2019 at 51.8670
The short term trend has been DOWN since Oct 10th, 2019 at 51.6975
Smart Scan Analysis for USDPHP
Based on a pre-defined weighted trend formula for chart analysis, USDPHP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).