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.
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 DOWN since Dec 3rd, 2019 at 2.1248446
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).