Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since May 24th, 2018 at 2.08185
The short term trend has been DOWN since Jun 13th, 2018 at 2.06965
Smart Scan Analysis for PHPJPY
Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).