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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Philippine Peso (FOREX:GBPPHP)
Sidelines Mode (+55) - GBPPHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPHP.
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 GBPPHP
The long-term trend has been UP since Mar 21st, 2024 at 72.85041
The intermediate-term trend has been UP since Mar 21st, 2024 at 72.42614
The short-term trend has been DOWN since May 3rd, 2024 at 71.81563
Smart Scan Analysis for GBPPHP
Based on our trend formula, GBPPHP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 71.69645 | 71.75706 | 71.63575 | 71.64691 | -0.04954 |
| Prev. Close | Volume | Bid | Ask | Time |
| 71.69645 | 2024-05-09 00:54:06 |