Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Philippine Peso (FOREX:ZARPHP)
Countertrend Up (+85) - ZARPHP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARPHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZARPHP
The long-term trend has been UP since Apr 8th, 2024 at 3.0473070
The intermediate-term trend has been UP since Mar 7th, 2024 at 2.9843058
The short-term trend has been DOWN since May 8th, 2024 at 3.0760233
Smart Scan Analysis for ZARPHP
Based on our trend formula, ZARPHP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.0868970 | 3.1042710 | 3.0817216 | 3.0998393 | +0.0129420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.0868970 | 2024-05-09 09:25:47 |