Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
South African Rand/Philippine Peso (FOREX:ZARPHP)
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 ZARPHP
The long term trend has been UP since Jan 30th, 2019 at 3.87960
The intermediate term trend has been DOWN since Feb 11th, 2019 at 3.77590
The short term trend has been UP since Mar 19th, 2019 at 3.66925
Smart Scan Analysis for ZARPHP
Based on a pre-defined weighted trend formula for chart analysis, ZARPHP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).