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.
MarketClub’s Trade Triangles for PHPJPY
The long-term trend has been UP since Jun 5th, 2020 at 2.1930986
The intermediate-term trend has been DOWN since Jul 24th, 2020 at 2.1460804
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).