Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
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 negative trend to resume. Downtrend 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.
MarketClub’s Trade Triangles for PHPJPY
The long term trend has been DOWN since Jan 2nd, 2019 at 2.06275
The intermediate term trend has been DOWN since Dec 5th, 2018 at 2.13285
The short term trend has been UP since Jan 8th, 2019 at 2.07430
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).