Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 PHPJPY
The long term trend has been UP since Nov 2nd, 2017 at 2.21950
The intermediate term trend has been UP since Sep 13th, 2017 at 2.16175
The short term trend has been DOWN since Nov 17th, 2017 at 2.21210
Smart Scan Analysis for PHPJPY
Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).