Forex Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 ZARPHP
The long term trend has been DOWN since May 2nd, 2019 at 3.58505
The intermediate term trend has been DOWN since May 28th, 2019 at 3.57575
The short term trend has been UP since Jun 10th, 2019 at 3.48955
Smart Scan Analysis for ZARPHP
Based on a pre-defined weighted trend formula for chart analysis, ZARPHP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).