Forex Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
Japanese Yen/Philippine Peso (FOREX:JPYPHP)
Bear Market Rally (-75) - JPYPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYPHP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid JPYPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYPHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYPHP
The long-term trend has been DOWN since Mar 1st, 2023 at 0.40231570
The intermediate-term trend has been DOWN since Apr 28th, 2023 at 0.40743771
The short-term trend has been UP since Jun 6th, 2023 at 0.40393134
Smart Scan Analysis for JPYPHP
Based on our trend formula, JPYPHP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).