Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Philippine Peso/US Dollar (FOREX:PHPUSD)
Long-Term Downtrend (-90) - PHPUSD is in a strong downtrend that is likely to continue. While PHPUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for PHPUSD
The long-term trend has been DOWN since Jun 30th, 2021 at 0.02040995
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 0.01984530
The short-term trend has been DOWN since Oct 15th, 2021 at 0.01959424
Smart Scan Analysis for PHPUSD
Based on our trend formula, PHPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).