Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Bear Market Rally (-75) - PHPJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PHPJPY as it may be in the beginning of a reversal.
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 Nov 5th, 2020 at 2.1484787
The intermediate-term trend has been UP since Nov 9th, 2020 at 2.1773847
The short-term trend has been DOWN since Nov 27th, 2020 at 2.1613338
Smart Scan Analysis for PHPJPY
Based on our trend formula, PHPJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).