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Forex Trend Analysis Report

Prepared for you on Saturday, September 23, 2017.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_PHPJPY
Open High Low PHPJPY Price Change
2.19490 2.21655 2.19490 2.20975 +0.01485
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term down The long term trend has been DOWN since Mar 22nd, 2017 at 2.22570

intermediate term up The intermediate term trend has been UP since Sep 13th, 2017 at 2.16175

short term up The short term trend has been UP since Sep 12th, 2017 at 2.14710

Smart Scan Analysis for PHPJPY

Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.19490 2.21655 2.19490 2.20975 +0.01485
Prev. Close Volume Bid Ask Time
2.19490 2.20430 2.21520 2017-09-22 18:53:52
Want to analyze Philippine Peso/Japanese Yen PHPJPY or another symbol? Try our Free Forex Trend Analysis Report.