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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.

FOREX_GBPPHP
Open High Low GBPPHP Price Change
69.71469 69.93924 69.49163 69.71157 -0.00312
Entry Signal

MarketClub’s Trade Triangles for GBPPHP

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 69.52429

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 69.76711

short term down 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).

-75
Smart Scan Analysis for GBPPHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.71469 69.93924 69.49163 69.71157 -0.00312
Prev. Close Volume Bid Ask Time
69.71469 2023-12-08 17:07:12
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