Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 Jan 10th, 2018 at 2.22765
The short term trend has been DOWN since Jan 9th, 2018 at 2.24970
Smart Scan Analysis for PHPJPY
Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).