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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

Philippine Peso/Japanese Yen (FOREX:PHPJPY)

Weak Downtrend (-65) - PHPJPY is showing signs of a strengthening downtrend. Monitor PHPJPY as it may be building momentum to the downside.

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
2.6026106 2.6125409 2.5966159 2.6004440 -0.0021670
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term up The long-term trend has been UP since Sep 8th, 2024 at 2.8005257

intermediate term down The intermediate-term trend has been DOWN since Sep 10th, 2024 at 2.5264792

short term down The short-term trend has been DOWN since Oct 25th, 2024 at 2.6013541

Smart Scan Analysis for PHPJPY

Based on our trend formula, PHPJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6026106 2.6125409 2.5966159 2.6004440 -0.0021670
Prev. Close Volume Bid Ask Time
2.6026106 2024-10-25 17:06:22
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