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.
MarketClub’s Trade Triangles for PHPJPY
The long-term trend has been DOWN since Jul 6th, 2021 at 2.2247500
The intermediate-term trend has been UP since Oct 8th, 2021 at 2.2110252
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).