Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 PHPJPY
The long term trend has been DOWN since Jan 22nd, 2018 at 2.17655
The intermediate term trend has been UP since Apr 5th, 2018 at 2.06390
The short term trend has been UP since Apr 19th, 2018 at 2.06430
Smart Scan Analysis for PHPJPY
Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).