Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Bear Market Rally (-75) - PHPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PHPUSD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for PHPUSD
The long-term trend has been DOWN since Feb 22nd, 2021 at 0.02057131
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.02076434
The short-term trend has been UP since Mar 9th, 2021 at 0.02062342
Smart Scan Analysis for PHPUSD
Based on our trend formula, PHPUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).