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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Countertrend Up (+85) - PHPJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for PHPJPY
The long-term trend has been UP since Sep 8th, 2024 at 2.8005257
The intermediate-term trend has been UP since Nov 7th, 2024 at 2.6456445
The short-term trend has been DOWN since Nov 19th, 2024 at 2.6186550
Smart Scan Analysis for PHPJPY
Based on our trend formula, PHPJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6328611 | 2.6422147 | 2.6327355 | 2.6387525 | +0.0058910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6328611 | 2024-11-20 03:40:14 |