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.
MarketClub’s Trade Triangles for EURPHP
The long-term trend has been DOWN since Sep 27th, 2023 at 59.875
The intermediate-term trend has been DOWN since Aug 31st, 2023 at 60.960
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).