Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Philippine Peso/Euro (FOREX:PHPEUR)
Sidelines Mode (+55) - PHPEUR 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 PHPEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PHPEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PHPEUR
The long-term trend has been UP since Aug 25th, 2021 at 0.01738659
The intermediate-term trend has been UP since Oct 6th, 2021 at 0.01703850
The short-term trend has been DOWN since Oct 11th, 2021 at 0.01702342
Smart Scan Analysis for PHPEUR
Based on our trend formula, PHPEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).