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Forex Trend Analysis Report

Prepared for you on Friday, September 29, 2023.

Euro/Philippine Peso (FOREX:EURPHP)

Bear Market Rally (-75) - EURPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURPHP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid EURPHP?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURPHP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low EURPHP Price Change
59.932 60.064 59.725 59.873 -0.059
Entry Signal

MarketClub’s Trade Triangles for EURPHP

long term down The long-term trend has been DOWN since Sep 27th, 2023 at 59.875

intermediate term down The intermediate-term trend has been DOWN since Aug 31st, 2023 at 60.960

short term up The short-term trend has been UP since Sep 20th, 2023 at 60.766

Smart Scan Analysis for EURPHP

Based on our trend formula, EURPHP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for EURPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.932 60.064 59.725 59.873 -0.059
Prev. Close Volume Bid Ask Time
59.932 2023-09-29 16:52:16
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