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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

Open High Low PHPJPY Price Change
2.1490 2.1492 2.1377 2.1466 -0.0024
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term up The long term trend has been UP since Oct 31st, 2018 at 2.1152

intermediate term up The intermediate term trend has been UP since Oct 29th, 2018 at 2.1012

short term down The short term trend has been DOWN since Nov 12th, 2018 at 2.1407

Smart Scan Analysis for PHPJPY

Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1490 2.1492 2.1377 2.1466 -0.0024
Prev. Close Volume Bid Ask Time
2.1490 2.1436 2.1496 2018-11-14 10:27:22
Want to analyze Philippine Peso/Japanese Yen PHPJPY or another symbol? Try our Free Forex Trend Analysis Report.