Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
British Pound/Philippine Peso (FOREX:GBPPHP)
Bear Market Rally (-75) - GBPPHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPPHP as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPPHP
The long-term trend has been DOWN since Sep 22nd, 2023 at 69.52429
The intermediate-term trend has been UP since Nov 14th, 2023 at 69.76711
The short-term trend has been DOWN since Dec 4th, 2023 at 69.88280
Smart Scan Analysis for GBPPHP
Based on our trend formula, GBPPHP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).