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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.

FOREX_PHPJPY
Open High Low PHPJPY Price Change
2.6339350 2.6444147 2.6275304 2.6363411 +0.0024060
Entry Signal

MarketClub’s Trade Triangles for PHPJPY

long term up The long-term trend has been UP since Mar 1st, 2023 at 2.4856109

intermediate term up The intermediate-term trend has been UP since Sep 8th, 2023 at 2.6066125

short term up 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).

+90
Smart Scan Analysis for PHPJPY
Strong Downtrend Sideways 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
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