Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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.
MarketClub’s Trade Triangles for PHPJPY
The long-term trend has been DOWN since Mar 5th, 2020 at 2.1039572
The intermediate-term trend has been UP since May 11th, 2020 at 2.1288022
The short-term trend has been DOWN since May 22nd, 2020 at 2.1140094
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).