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.
MarketClub’s Trade Triangles for PHPJPY
The long term trend has been DOWN since Mar 22nd, 2017 at 2.22570
The intermediate term trend has been UP since Sep 13th, 2017 at 2.16175
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).