Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Philippine Peso/Euro (FOREX:PHPEUR)
Strong Downtrend (-100) - PHPEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, PHPEUR continues to fall. Traders should use caution and set stops.
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 DOWN since Jun 27th, 2022 at 0.01720797
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.01694180
The short-term trend has been DOWN since Mar 21st, 2023 at 0.01710495
Smart Scan Analysis for PHPEUR
Based on our trend formula, PHPEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).