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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.

FOREX_PHPJPY
Open High Low PHPJPY Price Change
2.1400304 2.1430630 2.1370503 2.1374075 -0.0026230
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term up The long term trend has been UP since Oct 30th, 2019 at 2.1389000

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 2.1248446

short term down The short term trend has been DOWN since Dec 2nd, 2019 at 2.1442999

Smart Scan Analysis for PHPJPY

Based on a pre-defined weighted trend formula for chart analysis, PHPJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1400304 2.1430630 2.1370503 2.1374075 -0.0026230
Prev. Close Volume Bid Ask Time
2.1400304 2.1316990 2.1431160 2019-12-06 16:27:45
Want to analyze Philippine Peso/Japanese Yen PHPJPY or another symbol? Try our Free Forex Trend Analysis Report.