Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 ZARPHP
The long term trend has been DOWN since May 2nd, 2019 at 3.58505
The intermediate term trend has been DOWN since Jul 26th, 2019 at 3.59060
The short term trend has been DOWN since Aug 25th, 2019 at 3.40640
Smart Scan Analysis for ZARPHP
Based on a pre-defined weighted trend formula for chart analysis, ZARPHP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).