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Forex Trend Analysis Report

Prepared for you on Sunday, August 9, 2020.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Sidelines Mode (-50) - PHPJPY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PHPJPY can gain momentum.

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
2.1584442 2.1584442 2.1584442 2.1584442 0.0000000
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term up The long-term trend has been UP since Jun 5th, 2020 at 2.1930986

intermediate term down The intermediate-term trend has been DOWN since Jul 24th, 2020 at 2.1460804

short term down The short-term trend has been DOWN since Aug 6th, 2020 at 2.1490597

Smart Scan Analysis for PHPJPY

Based on our trend formula, PHPJPY is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1584442 2.1584442 2.1584442 2.1584442 0.0000000
Prev. Close Volume Bid Ask Time
2.1584442 2.1528481 2.1640403 2020-08-08 13:36:04
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