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Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Philippine Peso/Japanese Yen (FOREX:PHPJPY)
Long-Term Uptrend (+90) - PHPJPY is in a strong uptrend that is likely to continue. While PHPJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for PHPJPY
The long-term trend has been UP since Mar 1st, 2023 at 2.4856109
The intermediate-term trend has been UP since Sep 8th, 2023 at 2.6066125
The short-term trend has been UP since Sep 27th, 2023 at 2.6220503
Smart Scan Analysis for PHPJPY
Based on our trend formula, PHPJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6339350 | 2.6444147 | 2.6275304 | 2.6363411 | +0.0024060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6339350 | 2023-09-29 17:06:33 |