Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Philippine Peso/US Dollar (FOREX:PHPUSD)

Strong Downtrend (-100) - PHPUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, PHPUSD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid PHPUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for PHPUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PHPUSD
Open High Low PHPUSD Price Change
0.01742570 0.01742570 0.01730015 0.01731126 -0.00011400
Entry Signal

MarketClub’s Trade Triangles for PHPUSD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.01751766

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.01751766

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 0.01732185

Smart Scan Analysis for PHPUSD

Based on our trend formula, PHPUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for PHPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01742570 0.01742570 0.01730015 0.01731126 -0.00011400
Prev. Close Volume Bid Ask Time
0.01742570 2024-04-24 10:58:26
Get a free daily analysis and signals for Philippine Peso/US Dollar (PHPUSD) - Request Your Free Report.