Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Sidelines Mode (+55) - PHPJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid PHPJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for PHPJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PHPJPY
Open High Low PHPJPY Price Change
2.6982994 2.6986576 2.6815766 2.6827044 -0.0155950
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term up The long-term trend has been UP since Feb 28th, 2024 at 2.7273484

intermediate term up The intermediate-term trend has been UP since Apr 11th, 2024 at 2.7109283

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 2.6762190

Smart Scan Analysis for PHPJPY

Based on our trend formula, PHPJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6982994 2.6986576 2.6815766 2.6827044 -0.0155950
Prev. Close Volume Bid Ask Time
2.6982994 2024-04-24 12:03:26
Get a free daily analysis and signals for Philippine Peso/Japanese Yen (PHPJPY) - Request Your Free Report.