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Forex Trend Analysis Report

Prepared for you on Sunday, March 24, 2019.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_PHPJPY
Open High Low PHPJPY Price Change
2.10580 2.11630 2.08475 2.08595 -0.01985
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 2.06275

intermediate term down The intermediate term trend has been DOWN since Mar 12th, 2019 at 2.11020

short term down The short term trend has been DOWN since Mar 5th, 2019 at 2.14480

Smart Scan Analysis for PHPJPY

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

-100
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.10580 2.11630 2.08475 2.08595 -0.01985
Prev. Close Volume Bid Ask Time
2.08795 2.08070 2.09120 2019-03-22 18:30:49
Want to analyze Philippine Peso/Japanese Yen PHPJPY or another symbol? Try our Free Forex Trend Analysis Report.