Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Crossroads (+60) - PHPJPY is struggling to move into a solid trend. Beware of choppy markets 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
2.2477967 2.2546149 2.2443071 2.2527087 +0.0049120
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term down The long-term trend has been DOWN since Jul 6th, 2021 at 2.2247500

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2021 at 2.2110252

short term up The short-term trend has been UP since Sep 29th, 2021 at 2.1937545

Smart Scan Analysis for PHPJPY

Based on our trend formula, PHPJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2477967 2.2546149 2.2443071 2.2527087 +0.0049120
Prev. Close Volume Bid Ask Time
2.2477967 2021-10-15 17:19:11
Get a free daily analysis and signals for Philippine Peso/Japanese Yen (PHPJPY) - Request Your Free Report.