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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
US Dollar/Philippine Peso (FOREX:USDPHP)
Sidelines Mode (+55) - USDPHP 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 USDPHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPHP.
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 USDPHP
The long-term trend has been UP since Apr 4th, 2024 at 57.1225
The intermediate-term trend has been UP since Apr 3rd, 2024 at 56.6735
The short-term trend has been DOWN since May 3rd, 2024 at 57.3350
Smart Scan Analysis for USDPHP
Based on our trend formula, USDPHP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 57.4515 | 57.5335 | 56.8910 | 57.0640 | -0.3875 |
| Prev. Close | Volume | Bid | Ask | Time |
| 57.4515 | 2024-05-03 16:58:00 |