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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 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
2.6943609 2.6953791 2.6773468 2.6814902 -0.0128710
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term up The long-term trend has been UP since Feb 28th, 2024 at 2.7273484

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 2.6930154

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 2.7417680

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
2.6943609 2.6953791 2.6773468 2.6814902 -0.0128710
Prev. Close Volume Bid Ask Time
2.6943609 2024-07-22 06:40:26
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