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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.

FOREX_USDPHP
Open High Low USDPHP Price Change
50.9705 51.0455 50.9205 50.9645 -0.0060
Entry Signal

MarketClub’s Trade Triangles for USDPHP

long term down The long term trend has been DOWN since Apr 12th, 2019 at 51.6615

intermediate term down The intermediate term trend has been DOWN since Jan 8th, 2020 at 50.5350

short term up 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).

-55
Smart Scan Analysis for USDPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.9705 51.0455 50.9205 50.9645 -0.0060
Prev. Close Volume Bid Ask Time
50.9705 50.9520 50.9770 2020-01-23 08:34:59
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