Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
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 UP since Feb 2nd, 2021 at 2.1892973
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 2.2421116
The short-term trend has been UP since Apr 13th, 2021 at 2.2594059
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).