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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Strong Downtrend (-100) - PHPJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, PHPJPY continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 24th, 2024 at 2.6237176
The intermediate-term trend has been DOWN since Jul 15th, 2024 at 2.6930154
The short-term trend has been DOWN since Jul 11th, 2024 at 2.7417680
Smart Scan Analysis for PHPJPY
Based on our trend formula, PHPJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6323171 | 2.6542621 | 2.6224488 | 2.6282537 | -0.0040630 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6323171 | 2024-07-26 17:00:05 |