Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Oct 30th, 2019 at 2.1389000
The intermediate term trend has been UP since Jan 10th, 2020 at 2.1685489
The short term trend has been DOWN since Jan 16th, 2020 at 2.1660911
Smart Scan Analysis for PHPJPY
Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).